PSP Projects rose 2.45% to Rs 493 at 11:25 IST on BSE after the company said the total work orders received during the financial year 2018-2019 till date on standalone basis amounts to Rs 419.97 crore.
The announcement was made after trading hours yesterday, 5 September 2018.Meanwhile, the S&P BSE Sensex was up 124.68 points, or 0.33% to 38,142.99.
On the BSE, 5,067 shares were traded in the counter so far compared with average daily volumes of 3,970 shares in the past two weeks. The stock had hit a high of Rs 509.70 and a low of Rs 491.35 so far during the day. The stock hit a record high of Rs 596 on 24 April 2018. The stock hit a 52-week low of Rs 325 on 27 September 2017.
PSP Projects said it has received work orders worth Rs 226.07 crore (on standalone basis) from various clients for industrial and institutional projects since the last intimation of receipt of work orders by the company dated 26 July 2018. The total work orders received during the financial year 2018-2019 (till date) on standalone basis amounts to Rs 419.97 crore.
Net profit of PSP Projects rose 55.46% to Rs 21.08 crore on 50.65% rise in net sales to Rs 234.72 crore in Q1 June 2018 over Q1 June 2017.
PSP Projects is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India.
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