26 Jun 2024

Vishnu Prakash R Punglia jumps on receiving LoA worth Rs 273.11 crore

Vishnu Prakash R Punglia is currently trading at Rs. 209.20, up by 13.90 points or 7.12% from its previous closing of Rs. 195.30 on the BSE.

The scrip opened at Rs. 207.15 and has touched a high and low of Rs. 212.15 and Rs. 204.35 respectively. So far 309291 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 242.45 on 27-Dec-2023 and a 52 week low of Rs. 141.35 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 212.15 and Rs. 191.65 respectively. The current market cap of the company is Rs. 2605.06 crore.

The promoters holding in the company stood at 67.81%, while Institutions and Non-Institutions held 5.28% and 26.91% respectively.

Vishnu Prakash R Punglia has received Letter of Acceptance (LoA) from the Office of Superintending Engineer U.P. Jal Nigam (Urban), Naini Prayagraj for Surveying, soil investigation, engineering, design and supply of all materials, labour, T&P etc. complete, required for completion of following works of Water supply scheme for Naini Extended Area (Surface Water) in Nagar Nigam, Prayagraj. Following the submission of the tender, Vishnu Prakash R Punglia has been selected as the chosen contractor for this significant endeavor. The tender, evaluated and accepted by the competent authority, having a total value of Rs 273.11 crore. 

Vishnu Prakash R Punglia is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies and private bodies.