PSP Projects Rallies 11 Per Cent

Today, the PSP Project shares are raised to a higher 11 per cent to Rs 617 on the Bombay Stock Exchange (BSE). On February 1, 2022, the stock of civil construction traded at which record high level of Rs 639. PSP Projects stocks had zoomed 31 per cent on promoters’ stake buy from the open market.

As of March 31, 2022, PSP’s order book stood healthy at Rs 4,324 crore and improved over five times over the past five years. So far in the financial year, the company has received work orders worth Rs 549.62 crore.
The stock has emerged as the lowest bidder for a Government Medical College and hospital in Gujarat, with a bid value worth Rs 615.18 crore.

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