JMC Projects powers up

JMC Projects, a subsidiary of Kalpataru Power Transmission is showing some phenomenal volumes. From a 2W average of less than 1500 shares being traded, today in the morning session alone, the stock has clocked volumes of 53,000 shares; an over 39 times surge. The stock price has gone up over 15% to Rs.240; it has come off from there and is now at Rs.226 levls, nevertheless up 9%. It2 52-week high is at Rs.288.

Yesterday, after market hours, the company announced that it has got several orders, totaling Rs.1457 crore.

Breaking this down, Rs.454 crore was for shipyard modernisation project in Goa, flyover project in Maharashtra worth Rs 446 crore, Rs 282 crore commercial project in Hyderabad, Rs 224 crore residential project in Bangalore and educational building project worth Rs 51 crore in Andhra Pradesh.