Power Mech Projects Ltd share prices witnessed strong rally of 11.64% on Bombay Stock Exchange (BSE) to settle at Rs 2718.25 per share. The company bagged two huge orders worth Rs 1397.13 crore from Jharkhand and Uttar Pradesh. Power Mech shares zoomed 50.91% in last 1-month only and 33.11% in last 2-weeks only when Sensex rose 5.76% and 4.86%, respectively.
HSBC Infrastructure Fund and HDFC Mutual Fund – HDFC defence fund have 4.39% and 8.72% in Power Mech. The FII-backed stock has a market capitalisation of Rs 8,594.10 crore. The stock has a return on equity of 14.24%. Check more details below:
Power Mech Projects Bags 2 Back-To-Back Orders
According to the exchange filing of the company dated March 28, 2025, “We are delighted to announce that our Company has secured a Rs 972.135 crores (excluding GST) order from National Highways Authority of India for Construction of 4 laning Bypass to NH-114A Connecting NH-333 and NH-133 (Deoghar Bypass) from design km 0.000 to design Km 49.000 (Total Length – 49.000 km) in the state of Jharkhand on Hybrid Annuity mode.”
The company received another order today. The exchange filing added, “We are delighted to announce that our Company has secured a Rs 425 crores (inclusive of applicable Taxes (except GST and BOCW Cess)) order from Mirzapur Thermal Energy (UP) Private Limited (a wholly owned subsidiary of Adani Power Limited), Mirzapur, Uttar Pradesh, for Execution of Civil works and Erection of Prefabricated Structural Steel for BTG unit 1 8- 2, Main powerhouse, Central control building, ESP, FGD and limestone handling system, Switch yard etc. including miscellaneous ancillary works and Raw water Reservoir (RWR) for Mirzapur (2 x 800 MW), Mirzapur Thermal Energy (UP) Pvt. Ltd, Mirzapur, Uttar Pradesh.”
Power Mech Projects Shares Performance
The 52-week high price of Power Mech Projects share price on BSE is Rs 3725.00 per share (as on 23/08/2024) and 52-week low price is Rs 1698.85 per share, respectively. PowerMech share price surged 25.33% in last 1-week, slipped 18.87% in last 6-months, and rose 8.53% in last 1-year. In last 2-years, Power Mech Projects shares gained 139.16% and zoomed 542.11% in last 3-years. The stock delivered 1489% in last 5-years.
Power Mech Dividend History
Power Mech recommended a total of 8 dividends since 2016 and in last 1-year, the company declared an equity dividend amounting to Rs 2.00 per share, according to Trendlyne.
Power Mech Bonus Share History
It recommended 1 bonus share since 2024. Its last bonus share was announced in the proportion of 1:1 with ex-date set as of Oct. 8, 2024.
Power Mech Financials Compared With Peers
The company for the December 2024 quarter announced its profit after tax (PAT) at Rs 71.16 crore. On the contrary, LT announced PAT at Rs 2419.38 crore, ISFEC declared PAT at Rs 58.66 crore, and HCC reported PAT of Rs -216 crore.
Disclaimer: The story highlights order win and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
Recommended: Navratna PSU NBCC Bags Rs 82.08 Cr Order, Shares Deliver Multibagger Returns In 2-Yrs
Leave a Reply