Indian Hume Pipe Company jumps on bagging order worth Rs 194 crore

Indian Hume Pipe Company is currently trading at Rs. 183.15, up by 20.40 points or 12.53% from its previous closing of Rs. 162.75 on the BSE.

Indian Hume Pipe
Indian Hume Pipe

The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 185.50 and Rs. 167.60 respectively. So far 40987 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 235.75 on 04-Feb-2022 and a 52 week low of Rs. 136.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 185.50 and Rs. 156.30 respectively. The current market cap of the company is Rs. 885.13 crore.

The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 2.33% and 27.75% respectively.

Indian Hume Pipe Company has received Letter of Acceptance (LoA) for the work of Rs 194.03 crore from Maharashtra Jeevan Pradhikaran Division, Buldhana in Maharashtra, under Jal Jeevan Mission Project for Jalgaon Jamod 150 Villages Regional Rural Water Supply Scheme. The project is to be completed within 24 months with a trial run for 12 months after completion of project. The agreement will be signed in due course.

Indian Hume Pipe Company is engaged in the construction and maintenance of projects relating to water supply, irrigation, sanitation and sewerage systems, and pipe manufacturing.

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