Thursday 7 July 2016

ITD Cementation surges 4%; JV bags order worth Rs.2830 crore

The company announced that its joint venture (JV) has bagged orders worth of Rs 2,830 crore for phase-III of Mumbai metro project.

Shares of ITD Cementation India was higher by 4% at Rs.149.The company announced that its joint venture (JV) has bagged orders worth of Rs. 2830 crore for phase-III of Mumbai metro project.

ITD Cementation India Ltd is currently trading at Rs. 149.75, up by Rs. 6.1 or 4.25% from its previous closing of Rs. 143.65 on the BSE.

The scrip opened at Rs. 147.1 and has touched a high and low of Rs. 160.45 and Rs. 147.1 respectively. So far 1242806(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2228.84 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 149.5 on 05-Jul-2016 and a 52 week low of Rs. 61 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 149.5 and Rs. 128 respectively.

The promoters holding in the company stood at 51.63 % while Institutions and Non-Institutions held 27.85 % and 20.52 % respectively.

The stock is currently trading above its 50 DMA.

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