PVV Infra locked at 5% upper circuit on pre-cast demo order from Tata Trusts
The company has received an order from Tata Trusts for pre-cast demo of individual household latrine (IHHL) installation at Kesarapalli village, Krishna district, Andhra Pradesh.
June 30, 2017 / 11:48 AM IST
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 PVV Infra has locked at 5 percent upper circuit post it has received an order from Tata Trusts for pre-cast demo of individual household latrine (IHHL) installation at Kesarapalli village, Krishna district, Andhra Pradesh.
There were pending buy orders of 41,115 shares, with no sellers available.
Tata Trusts is partnering with Andhra Pradesh government by developing 264 villages covering 2.5 lakh households in Krishna district, Andhra Pradesh, for improved drinking water and sanitation systems and several livelihood enrichment programmes.
“Due to our EPS building system, featuring fast, reliable insulation, anti - seismic properties, typhoon - resistance, reliability, light weightedness, simplicity/fast to erect, durability and cost effectiveness, we are confident that we will be getting a sizeable bulk order from the total installations planned once the demo unit is approved,” company said in press release.
At 11:18 hrs PVV Infra was quoting at Rs 14.97, up Rs 0.71, or 4.98 percent on the BSE.Posted by Rakesh Patil