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JMC Projects extends gain on order win of Rs 710 crore

The has moved higher to Rs 307, up 10%, extending its Monday's 3% gain on BSE.

Infrastructure
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Infrastructure

SI Reporter Mumbai
JMC Projects (India)  moved higher to Rs 307, up 10%, extending its Monday’s 3% gain on THE BSE, after the company said it has bagged an order amounting to Rs 710 crore.

The stock is quoting near  its 52-week high of Rs 309 touched on April 18, 2017. The trading volumes on the counter jumped multiple-fold with a combined 182,073 shares exchanging hands on BSE and NSE till 01:20 pm.

“The order includes two water pipeline projects in the state of Madhya Pradesh totaling Rs 257 crore,” JMC Projects, a civil engineering and EPC company said in a