This company is ITD Cementation India. The company's stock continues to rise strongly. The stock has doubled its money from January to October. In the last one week, the stock has risen 20 percent. In three years, the stock has risen 800 percent.
Now the company has got a big order - an order of Rs 1,937 crore has been received in Uttar Pradesh. Got a contract to build a multi-storey commercial building in Uttar Pradesh.
On Thursday morning, the stock opened at Rs 533.85 against the closing price of Rs 537.80 on October 3, 2024. After the news of getting the order, the stock has been locked at the upper circuit of Rs 645.35. (BSE Share: Why is BSE's stock on record-breaking rise in a falling market - what next?) What does ITD Cementation India Limited do: ITD Cementation is an engineering and building construction company. Does heavy civil, infrastructure and EPC business. The company has been working in India for 90 years with established presence and expertise in marine structures, rapid transit systems, airports, hydro-electric power, etc. Promoters hold 46.64 per cent stake in the company. Buying of shares continues on the part of FIIs i.e. foreign institutional investors. The stake was 13.9 per cent in December 2023. It has increased to 17.08 percent in March 2024. The share has increased to 20 percent in June 2024.
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