Sanghvi Movers is currently trading at Rs. 847.20, up by 37.75 points or 4.66% from its previous closing of Rs. 809.45 on the BSE.

The scrip opened at Rs. 823.40 and has touched a high and low of Rs. 854.00 and Rs. 813.45 respectively. So far 14724 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 854.00 on 20-Dec-2023 and a 52 week low of Rs. 290.00 on 23-Dec-2022.

Last one week high and low of the scrip stood at Rs. 854.00 and Rs. 780.00 respectively. The current market cap of the company is Rs. 3662.60 crore.

The promoters holding in the company stood at 47.25%, while Institutions and Non-Institutions held 3.75% and 49.00% respectively.

Sanghvi Movers has received work order aggregating to Rs 166 crore from one of eminent Independent Power Producers (IPP) in the renewable energy sector, for providing Cranes, WTG Inter-carting, Installation & Pre-commissioning and making WTG Foundations with geotechnical analysis. The total duration of this contract is 24 months starting from January - 2024 till January 2026. 

Crane rental services account for approximately 33% of the total contract value and the balance accounts for the aforementioned activities under wind EPC services as mentioned above. Out of total contract value, around 3% of contract value will be executed in current financial year i.e. FY 2023-24, 64% of contract value will be executed in next financial year i.e. FY 2024-25 and the balance will be completed in FY 2025-26. 

Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector.