By Malvika Gurung
Investing.com -- Shares of the construction and engineering major JMC Projects (India) Ltd (NS: JMCP ) have surged almost 10% to close Thursday’s session at Rs 100.5 apiece on the NSE, after soaring 17% to Rs 106.9 apiece during early trade hours today, compared to its previous close at Rs 91.5.
The stock’s surge is a result of the construction EPC company’s announcement of securing new domestic orders worth Rs 1,795 crore. These include water supply projects worth Rs 1,085 crore and Buildings & Factories (B&F) projects worth Rs 710 crore in the country.
Taking into account the two new orders, JMC Projects’ order inflows for the ongoing financial year has exceeded Rs 9,750 crore, reflecting a strong growth outlook for the upcoming quarters.
JMC Projects is a subsidiary of Kalpataru Power (NS:
) Transmission and ranks among the leading civil construction and infrastructure engineering, procurement and construction companies in the country.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
how are youLike 1