A B Infrabuild share price will remain in focus on November 27 after the company received letter of acceptance from Western Railways of Indian Railways.
The said project is for construction, extension and rebuilding of FOBs, Elevated Deck, Skywalk, and other structures between Goregaon to Malad stations in connection with extension of Harbour Line between Goregaon to Borivali stations (MUTP 3A) in Mumbai, Maharashtra.
The total cost of the project is Rs 69,98,50,537.49 and to be completed in 24 months.
Catch all the market action on our live blogThe company board in its meeting held on November 25 has considered the issue of fully paid- up equity shares by way of a rights issue to the existing shareholders of the company for an amount not exceeding Rs 40 crore.
The company in the quarter ended September 2024 reported 12.3 percent fall in its net profit at Rs 3.58 crore.
The share touched a 52-week high of Rs 97.85 and a 52-week low of Rs 92.03 on 19 November, 2024 and 11 November, 2024, respectively.
Currently, the stock is trading 4.34 percent below its 52-week high and 1.71 percent above its 52-week low.
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