C & C Constructions gains 2% post JV Company wins contract worth Rs 266cr

IRB Infrastructure Developers  | In 2020 so far, the share price has moved up 76 percent to Rs 131.20. It's trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple.

Shares of C & C Constructions added 2 percent on Tuesday as company's joint venture (JV) company won a contract worth of Rs 266.22 crore.

The share of company in this JV is 50 percent.

BSC-C&C JV has been awarded project by BSCPL Infrastructure on sub-contract basis.

The company's annual general meeting (AGM) will be held on September 18, 2018.

The share touched its 52-week high Rs 109 and 52-week low Rs 27.60 on 22 November, 2017 and 24 July, 2018, respectively.

Currently, it is trading 71.1 percent below its 52-week high and 14.13 percent above its 52-week low.

C & C Constructions ended at Rs 31.10, up Rs 0.70, or 2.30 percent on the BSE.