JMC Projects (India) rose 5.11% to Rs 593 at 12:03 IST on BSE after the company said it secured new orders worth Rs 942 crore from National Highways Authority of India.
The announcement was made during trading hours today, 3 April 2018.Meanwhile, the S&P BSE Sensex was down 56.11 points, or 0.17% to 33,199.25.
On the BSE, 4,980 shares were traded in the counter so far compared with average daily volumes of 4,221 shares in the past two weeks. The stock had hit a high of Rs 605 and a low of Rs 569.75 so far during the day. The stock hit a record high of Rs 688 on 11 January 2018. The stock hit a 52-week low of Rs 253 on 23 May 2017.
The company said it received an order for four-laning of Madurai-Chettikulam section of National Highway (NH) 785 in Tamil Nadu on engineering, procurement and construction (EPC) basis for Rs 486 crore. Further, the company received two orders for construction of flyovers on NH 53 in Maharashtra for Rs 456 crore.
Net profit of JMC Projects (India) rose 30.40% to Rs 23.72 crore on 28.92% rise in net sales to Rs 706.64 crore in Q3 December 2017 over Q3 December 2016.
JMC Projects (India) is one of the leading contracting company.
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