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Shares of construction company Vascon Engineers have rocketed. Shares of the company rose 9% on the Bombay Stock Exchange (BSE) on Thursday to Rs. 65.57 has happened. Shares of Vascon Engineers hit a new 52-week high on Thursday. The rise in the company’s shares is due to the receipt of large construction orders. Vascon Engineers shares hit a 52-week low of Rs. It is 23.25.
A hospital and a residential building will be built in Bihar
Vascon Engineers received Rs. 605.65 crore has received the letter of acceptance. The company is to construct a residential building along with Lohia Medical College and Hospital in Supaul. The work order is to be completed within 36 months from the date of acceptance letter. Vascon Engineers has a market cap of around Rs. 1361 crores.
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Shares of the company have climbed 165% in 5 months
Vascon Engineers shares have gained 165% in the last 5 months. On March 28, 2023, the shares of the company were listed on the Bombay Stock Exchange at Rs. was at the price of 24.04. On August 24, 2023, shares of Vascon Engineers touched Rs.65.57 on BSE. Shares of the company have climbed 217% in the last 14 months. On July 1, 2022, Vascon Engineers shares were priced at Rs. 19.95, which is now Rs. has reached 65.57.
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Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.