Shelter Infra Projects gains on getting nod to invest Rs 1757.97 lakh in MJM Nirman

Shelter Infra Projects is currently trading at Rs. 18.35, up by 0.05 points or 0.27% from its previous closing of Rs. 18.30 on the BSE. The scrip opened at Rs. 19.20 and has touched a high and low of Rs. 19.20 and Rs. 18.35 respectively. So far 910 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 40.20 on 15-Oct-2013 and a 52 week low of Rs. 15.50 on 22-Apr-2014. Last one week high and low of the scrip stood at Rs. 19.30 and Rs. 16.75 respectively. The current market cap of the company is Rs. 6.55 crore. The promoters holding in the company stood at 55.50% while Institutions and Non-Institutions held 0.06% and 44.44% respectively. Shelter Infra Projects’ Board of directors at its meeting held on May 26, 2014, has approved the Investment of Rs 1757.97 lakhs by subscribing shares in MJM Nirman subject to the approval of Shareholders in General Meeting. Shelter Infra Projects is involved in major infrastructure projects in India. It has remained one of the leading companies, despite stiff competition. It has revolutionized the Indian construction industry. The company has an extensive customer base that includes government and institutional buyers, and contractors.