15 Oct 2024

J Kumar Infraprojects Rises After Securing Rs 297.83 Crore Contract

J Kumar Infraprojects saw its stock rise to Rs. 746.00, gaining 7.50 points or 1.02% from its previous close of Rs. 738.50 on the BSE.

The stock opened at Rs. 755.00, hitting a high of Rs. 760.15 and a low of Rs. 741.65 during the trading session. A total of 8,222 shares have been exchanged so far.

The company's stock, listed in the BSE 'A' group with a face value of Rs. 5, had a 52-week high of Rs. 935.50 on July 3, 2024, and a 52-week low of Rs. 394.05 on October 26, 2023.

In the last week, the stock's highest and lowest levels were Rs. 760.15 and Rs. 727.60 respectively. The company's market capitalization currently stands at Rs. 5,639.73 crore.

Promoters hold 46.65% of the company, while institutional investors and non-institutional investors hold 26.57% and 26.78%, respectively.

J Kumar Infraprojects has won a contract from Pune Municipal Corporation for the development of the Mula river, covering the Wakad bypass to Sangvi bridge sections. The total project value is Rs. 297.83 crore, excluding GST and royalty, and is expected to be completed in 36 months.

Previously, the company received a Letter of Acceptance for the design and construction of an elevated road in Thane city from Anand Nagar to Saket on the Eastern Express Highway from the Mumbai Metropolitan Region Development Authority.

J Kumar Infraprojects specializes in construction, designing and building roads, bridges, flyovers, subways, and more.