HG Infra Engineering is currently trading at Rs. 1475.15, showing a rise of 8.40 points or 0.57% from its previous closing price of Rs. 1466.75 on the BSE.
The stock opened at Rs. 1465.05, hitting a high of Rs. 1479.00 and a low of Rs. 1464.00. So far, 420 shares have been traded on the market.
This 'A' group stock, with a face value of Rs. 10, reached a 52-week high of Rs. 1880.00 on July 16, 2024, and a low of Rs. 806.00 on December 27, 2023.
The stock's high and low in the last week were Rs. 1525.00 and Rs. 1460.00, respectively, and the company's current market capitalization stands at Rs. 9558.97 crore.
Promoters hold a 74.53% stake in the company, while institutions and non-institutional investors hold 14.17% and 11.30%, respectively.
HG Infra Engineering has formed a wholly owned subsidiary, ‘H.G. Narol Sarkhej Highway,’ as a Special Purpose Vehicle (SPV) on October 15, 2024. This SPV will execute a project awarded by the Ministry of Road Transport and Highways (MoRTH) for upgrading the 6-lane Narol Junction to Sarkhej Junction road section of NH 47 in Gujarat. The project is being developed on a Hybrid Annuity Model at a cost of Rs. 781.11 crore, with a construction period of 2.5 years.
HG Infra specializes in infrastructure construction, focusing primarily on road development, including highways, bridges, and flyovers.