JMC Projects (India) gained 2.72% to Rs 278 at 9:28 IST on BSE after the company secured three new orders worth Rs 710 crore.
The announcement was made after market hours on Friday, 30 June 2017.Meanwhile, the S&P Sensex was up 133.08 points, or 0.43% at 31,054.69. The S&P BSE Small-Cap index was up 75.32 points, or 0.49% at 15,485.84.
On the BSE, 1,075 shares were traded on the counter so far as against the average daily volumes of 6,235 shares in the past one quarter. The stock had hit a high of Rs 283 and a low of Rs 277.50 so far during the day. The stock had hit a 52-week high of Rs 309.20 on 21 April 2017 and a 52-week low of Rs 183 on 21 November 2016.
The small-cap company has equity capital of Rs 33.58 crore. Face value per share is Rs 10.
JMC Projects (India) said that the company has won order for two water pipeline projects in Madhya Pradesh totaling Rs 257 crore. Another orders are for four commercial projects in Bangalore and Chennai totalling Rs 340 crore and one residential project in Chennai of Rs 115 crore.
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S K Tripathi CEO & Deputy Managing Director, JMC Projects (India) said that these orders are aligned to the company's focus on building commercial projects in the private space.
JMC Projects (India)'s net profit spurted 53.88% to Rs 17.85 crore on 5.94% rise in net sales to Rs 690.43 crore in Q4 March 2017 over Q4 March 2016.
JMC Projects (India) is one of the leading civil engineering procurement construction (EPC) company.
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