Oval Projects Engineering Limited’s stock witnessed a sharp rise today, trading at Rs. 71.00, up by Rs. 5.50 or 8.40% from its previous close of Rs. 65.50 on the BSE.

The scrip opened at Rs. 78.60, touching an intraday high of Rs. 78.60 and a low of Rs. 69.51. A total of 43,200 shares have been traded so far on the counter.

The BSE group 'M' stock, with a face value of Rs. 10, has recorded a 52-week high of Rs. 86.00 (on September 4, 2025) and a 52-week low of Rs. 63.10 (on October 8, 2025). Over the last week, the stock has traded between Rs. 78.60 and Rs. 63.50. The company’s market capitalization currently stands at Rs. 147.46 crore.

The promoter holding in the company is 53.07%, while institutions and non-institutional investors hold 7.00% and 39.93%, respectively.

The stock gained momentum after the company announced that its Board of Directors, in a meeting held on October 18, 2025, approved the formation of a joint venture company between Oval Projects Engineering and Oval Fresh for tender participation.

Additionally, the company recently received a Letter of Intent (LoI) from HPOIL Gas for composite work of a City Gas Station (CGS) cum Mother Station at Xelhozhe Niuland District in Nagaland.

Oval Projects Engineering is a leading infrastructure services company, providing engineering, procurement, and construction (EPC), as well as operations and maintenance (O&M) services to clients across India, particularly in the oil and gas sector.