Simplex Projects bags new contracts

Simplex Projects Ltd has announced that the Company has recently bagged some contracts for Piling, Foundation and Residential Complex primarily in Kolkata from various agencies. The total value of the project, including the cost of materials, is approximately Rs 115 Crores, which is to be completed within a time span of 3 to 24 months.

This includes Piling and Foundation contracts of approximately Rs 62 Crores to be completed within 3 to 6 months.

The stock was trading at Rs.269.40, down by Rs.14.85 or 5.22%. The stock hit an intraday high of Rs.281.10 and low of Rs.265.15.

The total traded quantity was 5479 compared to 2 week average of 8554.

Source : Equity Bulls

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