JMC Projects announced today morning receipt of new orders worth Rs.514 crore. This includes residential and commercial projects in South and West India totalling Rs. 295 crore; Factory works from a multinational client in east India of Rs.112 crore and institutional building order of Rs.107 crore in East India.
The company is very optimistic as it hopes to make institutional buildings and manufacturing plants can become a significant growth driver going forward.
The market is enthused with this news and the stock opened with a gain of 4.5% at Rs.134. Its 52-week high is at Rs.150.