Stock Hits 5% Upper Circuit After Securing Rs.347 Cr RBI Quarters Redevelopment Project
Bengaluru, June 11 -- India's government-driven construction pipeline continues to accelerate, and the companies with the scale, credentials, and execution depth to absorb large civil mandates are increasingly finding themselves at the front of a long queue. For an EPC player whose order book is now dominated nearly 79% by government projects, a fresh institutional mandate from one of the country's most respected central agencies only reinforces that positioning.
With a market capitalization of Rs. 815 crore, the shares of Vascon Engineers Limited were trading at Rs. 35.2 per share and it hit the upper circuit of 5 percent. It is trading at a P/E of approximately 16.7x against an industry P/E of 26
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Vascon Engineers Limited...
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