PSP Projects stock hits new high after becoming L1 bidder for two projects worth Rs104.09cr

The stock has hit a new 52-week high of Rs534.45 per piece earlier today.

Oct 04, 2021 01:10 IST India Infoline News Service

PSP Projects stock hits a new all-time high on Monday after the company became Lowest Bidder (L1 Bidder) for two projects amounting to Rs104.09cr in Gujarat.

In its regulatory filing, PSP Projects said that "the company has emerged as the Lowest Bidder (L1 Bidder) for two projects viz. one in government and another in government residential segment totalling to Rs104.09cr (excluding GST) in Gujarat."

At around 1.53 pm, PSP Projects was trading at Rs517 per piece up 0.7% on Sensex.

The stock has hit a new 52-week high of Rs534.45 per piece earlier today. 

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