PSP Projects hits record high as it emerges L1 bidder for a govt project

In the past one month, PSP Projects outperformed the market as shares surged 18 per cent, as against 3 per cent decline in the S&P BSE Sensex.

Shares of PSP Projects rallied 5 per cent to hit a record high of Rs 747.40 in Tuesday’s intra-day trade, after the company emerged as lowest bidder (L1) for a government project worth Rs 1,364. 5 crore (excluding GST) of construction of state of the art high rise office building at Surat, Gujarat.

The stock of civil construction company surpassed its previous high of Rs 746.50, which it had touched on December 20, 2022. At 09:54 AM; it tradedd 3.3 per cent higher at Rs 732, as against 0.04 per cent rise in the S&P BSE Sensex.

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