Stock below Rs 30: Keep a close eye on this smallcap stock which received Rs 158 crore order!

On March 23, 2023, the company informed the exchange that it has received letter of acceptance amounting to Rs 158.09 crore

On Thursday, shares of Vascon Engineers zoomed more than 3.8 per cent to make an intraday high of Rs 27.71. The scrip witnessed a massive spurt in volume and closed 1.42 per cent, up at Rs 27.06.  

On March 23, 2023, the company informed the exchange that it has received letter of acceptance amounting to Rs 158.09 crore from Superintending Engineer PMGSY Circle, U.P.P.W.D, Uttar Pradesh.  

The company continues to receive additional orders as it had also received letter of acceptance amounting to Rs 95.92 crore from Pune Metropolitan Region Development Authority, Pune for construction of residential quarters along with welfare complex.   

Vascon Engineers Ltd, established in 1986, is a construction engineering company in India with presence in Real Estate business having an asset light model and Clean Room Partition manufacturing business. The company has executed over 200 projects with a construction area of over 50 Mn Sq Ft.  

The stock has shown decent price action as it has gained more than 10 per cent in 1 year. Keep a close eye on this trending stock.