Vascon Engineers shares rise 4% as firm receives LoA worth Rs 352.91 crore for Jharkhand project
Vascon Engineers stock rose 4.08% to a high of Rs 76.75 on BSE. Market cap of the firm climbed to Rs 1639.44 crore.
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Vascon Engineers stock rose 4.08% to a high of Rs 76.75 on BSE. Market cap of the firm climbed to Rs 1639.44 crore.
The LoI received, it said, pertains to planning, designing, construction and maintenance of a Government Medical College at Kanker in Chhattisgarh.
The September quarter earnings will kick off next week, the data so far paints a bullish picture of the economy. However, the gloom in the US continues and the Israel-Palestine war could further destabilise the global economy
Vascon Engineers was the top gainer in the smallcap pack with nearly 24% returns, followed by Sasken Technologies (23.6%), Bhagiradha Chemicals (22.2%), and Authum Investment (22%)
Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas expects this pullback to continue till 19778 – 19800 where resistance in the form of the 50% Fibonacci retracement level and the 20-day moving average is placed.