PSP Projects soars 9% to hit record high on strong revenue visibility

So far in the financial year 2022-23 (FY23), PSP received total orders worth of Rs 1,833.09 crore

Shares of PSP Projects rallied 9 per cent to hit a record high of Rs 740.15 per share in Tuesday’s intra-day trade, in an otherwise weak market, on strong revenue visibility. The stock of civil construction company surpassed its previous high of Rs 724, which it had touched on December 13, 2022. In comparison, the S&P BSE Sensex was down 1 per cent at 61,173 at 11:34 am.

PSP is currently engaged in providing construction and allied services across industrial, institutional, government, and residential projects. PSP is engaged in planning, designing, construction and post construction activities in the construction