JMC Projects (India) gains after order win

JMC Projects (India) rose 1.52% to Rs 113.85 after the company said it secured new orders worth Rs 560 crore.

JMC Projects (India) (JMC), a leading civil engineering and EPC company, said it secured commercial real estate projects in Southern and Western India totalling Rs 312 crore. It also bagged water supply project in Odisha totalling Rs 248 crore. The announcement was made after market hours yesterday, 30 September 2019.

Meanwhile, the S&P BSE Sensex was up 47 points or 0.12% to 38,714.41.

On the BSE, 1,321 shares were traded in the counter so far compared with average daily volumes of 5,278 shares in the past two weeks. The stock hit an intraday high of Rs 117 and an intraday low of Rs 113.50 so far during the day.

The stock hit a 52-week high of Rs 150 on 27 May 2019. The stock hit a 52-week low of Rs 67 on 8 October 2018.

JMC Projects (India)'s consolidated net profit jumped 93.2% to Rs 20.61 crore on a 30.4% surge in net sales to Rs 946.92 crore in Q1 June 2019 compared with Q1 June 2018.

JMC Projects (India) is engaged in the construction of buildings. It executes various types of projects involving construction services that include design, procurement, supply, installation, testing and commissioning.

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