Vascon Engineers share price rose 5 percent in the early trade on November 21 after the company received letter of intent (LoI) for work worth Rs 356.78 crore in Maharashtra.
At 9.20 am, Vascon Engineers was quoting at Rs 78.70, up Rs 4.06, or 5.44 percent, on the BSE.
The order is for the construction of a hospital building for PCMC Hospital in Moshi, Pimpri-Chinchwad in Pune.
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In October, the company had bagged a Rs 262-crore order from Bridge and Roof Company, a government enterprise, for planning, designing, construction, IT, and maintenance of the government medical college in Kanker district of Chhattisgarh.
The company posted a 9.3 percent fall in its September quarter net profit at Rs 20.50 crore.
The share touched a 52-week high of Rs 84.50 on November 3, 2023 and a 52-week low of Rs 23.83 on March 28, 2023. The stock is trading 6.86 percent below its 52-week high and 230.26 percent above its 52-week low.
The share price gained 100 percent in the last six months.
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