Psp Projects News Today

PSP Projects has set a floor price of Rs 682.59 a share for for the QIP but may offer a discount of up to 5 percent

The order has been bagged to construct Gati Shakti Vishwavidhyalaya at Vadodara for Rail Vikas Nigam Ltd, the construction firm said in a regulatory filing.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

The total value of projects for which they stand as the lowest bidder now amounts to Rs 1,063.86 crore for the financial year 2023-24.

PSP Projects shares gained 1.92% to Rs 799.10 against the previous close of Rs 784 on BSE. Market cap of the firm stood at Rs 2,812.86 crore

Historically, in an election year, two things happen: one some state governments tend to push for completion of infrastructure projects so that they may be showcased as achievements. Second, more money gets pumped into the system. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average...

With election season kicking off with Karnataka state elections, the government spending on infrastructure projects, which has remained at elevated levels for many years, may see a further push. Many state governments may rush to complete and announce more of them. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over th...

PSP Projects, incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2876.40 Crore) operating in Construction sector.

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YES Securities recommended Neutral rating on PSP Projects with a target price of Rs 723 in its research report dated May 18, 2023.