JMC Projects is very much in the limelight today morning. The stock, which had closed at Rs.50.35, opened higher at Rs.60 and briefly touched the 20% UC of the day at Rs.60.40. It has come off this high point and is now trading at Rs.57 levels.
The company yesterday announced getting new orders worth Rs.938 crore.
The details are as follows:
·Water Supply Projects in Uttar Pradesh totalling Rs.841 crore
· Building Project in South India totalling Rs. 97 crores
The management's strategy of expanding its 'water' presence in UP is paying off and this is a growth area which it see's for the future.