Rs 4,898 crore order book and FIIs & DIIs increase stake: This civil construction company bags new order worth Rs 200.25 crore!

Shares of the company gained more than 25 per cent in the last one year.

PSP Projects has received new work orders worth Rs 200.25 crores, including small-value work orders totalling Rs 42.92 crores. The three significant orders include the construction of a chocolate plant, a commercial complex, and a government campus. With the receipt of these orders, the company's total order inflow for the financial year 2023-24 to date amounts to Rs 958.63 crores. The company has also emerged as the lowest bidder for a project to construct the main building for the Gujarat Biotechnology Research Centre.

The company posted strong Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 619.65 crore which grew by 72.13 per cent YoY. The operating profit of the company stood at Rs 78.55 crore, while the PAT of the company stood at Rs 38.48 crore, which increased by 78.8 per cent YoY. Additionally, FIIs and DIIs have increased their stake in the company marginally in September 2023.

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PSP is engaged in planning, designing, construction and postconstruction activities in the construction value chain and has executed around 196 projects till September 30, 2022.

Today, the stock opened at Rs 779.90, with a high and low of Rs 792.00 and Rs 761.75, respectively. The stock is closed trading at Rs 792.00, which increased by 2.77 per cent. The stock has a 52-week high of Rs 846 and a 52-week low of Rs 591.60.

Disclaimer: The article is for informational purposes only and not investment advice.