IVRCL shares gained over 8 per cent on Friday after the company informed exchanges that it has bagged orders worth Rs 350.96 crore under its Irrigation Division and Water Division.
At 12.41 pm, IVRCL Ltd shares were trading 5.35 per cent up at Rs 9.85. The scrip opened at Rs 9.45 and has touched a high and low of Rs 10.17 and Rs 9.45, respectively, in trade so far. Sensex was trading 123.41 points up at 24,975.24.
The BSE group ‘B’ stock of face value Rs 2 has touched a 52 week high of Rs 21.30 on Mar 3, 2015 and a 52 week low of Rs 6.52 on Sep 21, 2015.
Last one week high and low of the scrip stood at Rs. 10.55 and Rs. 9.25 respectively. The current market cap of the company is Rs. 544.10 crore.
The promoters holding in the company stood at 8.28 per cent while Institutions and Non-Institutions held 43.40 per cent and 48.32 per cent respectively.
IVRCL has bagged orders worth Rs 350.96 crore under its Irrigation Division and Water Division. The company has bagged orders worth Rs 324.67 crore under Building Division from Cauvery Neeravari Nigama. Under Water Division, the company has bagged orders worth Rs 26.29 crore from Karnataka Urban Water Supply & Drainage Board.
IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.