🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

2 Stocks jump up to 3% after bagging orders from Maharashtra Govt

Published 14-10-2024, 02:24 pm
© Reuters.  2 Stocks jump up to 3% after bagging orders from Maharashtra Govt
VALM
-
PNCI
-

At 1.57 AM, the Sensex was up 608.48 points or 0.75 percent at 82,010.00, and the Nifty 50 added 169.00 points to reach 25,133.40.

Here are the stocks that bagged an order from Maharashtra Govt:-

Valor Estate Ltd

Valor Estate Ltd (NS:VALM) primarily focuses on real estate building, development, and associated businesses. The company specializes in residential, commercial, retail, and other developments, including mass housing and cluster redevelopment.

Is Valor Estate in your watchlist? Do you want to know which stocks should be a part of your portfolio? Access our Advanced Screener feature here

With a market capitalization of Rs 10,470.46 crore, the shares were trading at Rs 194.45 per share, decreasing around 4 percent as compared to the previous closing of Rs 202.10 apiece.

According to the exchange filing, Valor Estate Ltd has received a Letter of Acceptance from the Municipal Corporation of Greater Mumbai (MCGM) for the building, completion, and handover of approximately 13,374 affordable housing tenements under the Project-Affected Persons (PAP) scheme.

The company’s revenue stood at Rs 79 crore in Q1FY25, during the same time frame, net profit stood at Rs (13) crore.

PNC Infratech (NS:PNCI) Ltd

PNC Infratech Limited is an Indian infrastructure building, development, and management firm. The Company primarily works on infrastructure projects such as roads, bridges, flyovers, electricity transmission lines, airport runways, and other infrastructure operations.

With a market capitalization of Rs 11,618.66 crore, the shares were trading at Rs 452.90 per share, increasing around 3 percent as compared to the previous closing of Rs 440.60 apiece.

The shares of the company have seen bullish movement after PNC Infratech Ltd received a letter of acceptance from the City & Industrial Development Corporation of Maharashtra Ltd. (CIDCO) for the project titled “Integrated Infrastructure Development of 20M & above wide Roads, Construction of Various Major & Minor Structures and Allied Electrical Works in TPS -8, 9, and TI’>S-l2 under NAINA Project.” the order valued at Rs 2,038.61 crore.

In June 2024, PNC Infratech had an order book of Rs 14,100 crore, with the Road Highway, Road Expressway and Canal EPC projects account for 82% of the total. The corporation completed 88 large infrastructure projects throughout 13 states, including 64 EPC projects and 24 ongoing projects.

The company’s revenue stood at Rs 2,168 crore in Q1FY25, during the same time frame, net profit stood at Rs 575 crore.

Written by:- Abhishek Singh

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post 2 Stocks jump up to 3% after bagging orders from Maharashtra Govt appeared first on Trade Brains.

Read More

To understand more about InvestingPro, watch this video: https://www.youtube.com/watch?v=_WfQcN5vjI

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.