JMC receives orders worth Rs507cr; stock gains 5%

Orders have been received for residential and commercial projects in South India.

Jan 23, 2019 03:01 IST India Infoline News Service

Shares of JMC Projects were trading 3% up on Wednesday after the company in its filing to the exchanges informed that it has bagged residential and commercial projects worth Rs507cr in South India.

"We are delighted with the new order wins, especially in our Buildings business. With these new orders, our total order inflow in FY19 has crossed Rs5,000cr," said  S. K. Tripathi, CEO & Deputy Managing Director of the company.

JMC Projects (India) Ltd's share price is currently at Rs92, up by Rs2.9 or 3.25%, from its previous closing of Rs89.10 on the BSE.
The scrip opened at Rs92.60 and has touched a high and low of Rs92.60 and Rs91.10, respectively. So far, 6,797 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs1,496.04cr.

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