Wednesday, 6 January 2016

PBA Infrastructure surges 10% on bagging project in joint venture

The company in Joint Venture has bagged Project worth Rs. 157.75 crore


Shares of PBA Infrastructure are trading up 10% at Rs. 23.30 after the company informed BSE that the Company in Joint Venture has bagged Project worth Rs. 157.75 crore.

PBA Infrastructure Ltd is currently trading at Rs. 23, up by Rs. 1.8 or 8.49% from its previous closing of Rs. 21.2 on the BSE.

The scrip opened at Rs. 21.1 and has touched a high and low of Rs. 23.3 and Rs. 20.05 respectively. So far 889610(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 28.62 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 29 on 03-Feb-2015 and a 52 week low of Rs. 10 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 21.65 and Rs. 16.5 respectively.

The promoters holding in the company stood at 57.65 % while Institutions and Non-Institutions held 0 % and 42.35 % respectively.

The stock is currently trading below its 200 DMA

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