JMC Projects is doing well in this negative market, reporting over 4 times surge in volume and stock price rising almost 20% at Rs.132.10, just 10 paise short of hitting the UC which is at Rs.132.20. Its 52-week high is at Rs.150.
Yesterday, after market hours, the company announced receipt of orders worth Rs.1059 crore:
- Residential and Commercial Building Projects in South and North India totalling Rs. 782 crore
- Water Supply Project in Jharkhand of Rs. 277 crore
Mr. S. K. Tripathi (CEO & Dy. Managing Director) commented, “Our strong order book and execution capabilities gives us a good visibility on the revenue and profitability front for the coming quarters."
JMC Projects (India) Limited (JMC), a subsidiary of Kalpataru Power Transmission Limited, is a contracting company. It provides services across the construction sector i.e. civil, structural & MEP for all major industries and project types.