Shares of PSP Projects surged 6 per cent to Rs 624 on the BSE in Thursday’s intra-day trade after the company said it was awarded contracts worth Rs 247.35 crore (excluding GST) from Precast and Government segments.
With receipt of the current order, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,344.24 crore, the civil construction company said in an exchange filing.
At 09:24 am, PSP Projects traded 5 per cent higher at Rs 614.75, as compared to 0.48 per cent rise in the S&P BSE Sensex. However, in the past one month, the stock has declined 6 per cent against 6.5 per cent rally in the benchmark index. The stock registered a 52-week high of Rs 672 on July 19, 2022.
