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Last Updated : Sep 15, 2020 01:47 PM IST | Source: Moneycontrol.com

Gayatri Projects shares hit upper circuit on securing Rs 196 crore project in UP

Gayatri Projects was declared the lowest bidder for a project in Uttar Pradesh worth Rs 196 crore including commissioning and operation and maintenance for 10 years.

 
 
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Gayatri Projects share price hit 5 percent upper circuit on September 15 after the company was declared the lowest bidder for a project in Uttar Pradesh worth Rs 196 crore.

Gayatri Projects has been declared as L-1 bidáer for the project including construction of Kachonda Kalan Group of Villages Water Supply Scheme in Lalitpur District and relevant works including commissioning and operation and maintenance for 10 years, the company said in an exchange filing. The value of the contract is estimated at Rs 196 crore.

The stock was trading at Rs 17.80, up Rs 0.75, or 4.40 percent. It has touched an intraday high of Rs 17.90 and an intraday low of Rs 16.50.

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According to Moneycontrol SWOT Analysis powered by Trendlyne, the company has decreasing promoter pledge with growth in net profit and with increasing profit margin (QoQ).

Moneycontrol technical rating is very bullish with moving averages and technical indicators being bullish.

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First Published on Sep 15, 2020 01:47 pm
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