JMC Project (India) gains after securing orders

JMC Project (India) was up 1.64% to Rs 130.40 at 09:41 IST on the BSE after the company announced that it secured new orders of Rs 514 crore.

Jun 24, 2019 04:06 IST capital market

The announcement was on Monday, 24 June 2019.

Meanwhile, the S&P BSE Sensex was down by 7.17 points, or 0.02% to 39,187.32.

On the BSE, 1721 shares were traded in the counter so far compared with 2-week daily average volumes of 7525 shares. The stock had hit a high of Rs 134 and a low of Rs 129.85 so far during the day. It hit a 52-week high of Rs 150 on 27 May 2019 and a 52-week low of Rs 67 on 8 October 2018.

The company secured residential and commercial projects in South and West India totalling Rs 295 crore. It bagged factory works from a multinational client in East India of Rs 112 crore. It received institutional building order of Rs 107 crore in East India.

JMC Project (India)s net profit rose 42.1% to Rs 48.70 crore on a 29.7% rise in the net sales to Rs 937.49 crore in Q4 March 2019 over Q4 March 2018.

JMC Projects (India), a subsidiary of Kalpataru Power Transmission, is one of the leading contracting company.

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