Power Mech Projects Ltd bags contract of Rs 343 44 crores equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Broker s call: Power Mech (Buy)
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Updated on
CMP: ₹576.05
Power Mech Projects Ltd is a leading infrastructure-construction company based in Hyderabad with global presence. The company has an order backlog of ₹7,353 crore (as on February 16, 2021), which shows revenue visibility for next 3 years.
The company enjoys market leadership position in power O&M (Operations and Maintenance) and erection business with a market share of 55-60 per cent. Diversification of business to non power segment, especially civil (including railway, petro chemical, water etc) has helped the company to be in the growth track .
We expect order backlog to grow at 14 per cent with an average order intake of ₹3,500-4,000 crore per year. Revenue is expected to grow at a CAGR of 30 per cent during FY21-23 and ROE to be at 16.3 per cent by FY23.
Profit taking may sink Nifty 200 points at open
March 04, 2021
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Most Asian-Pacific markets slumped in excess of 1% in early trade on Thursday while US stocks declined overnight
After gaining sharply in the last three days, Indian markets are likely to witness profit booking on Thursday. Clues from SGX Nifty and global markets too indicate a cooling-off of the bull party. SGX Nifty is currently ruling at 15,074, down about 220 points, against Nifty futures, which closed at 15,298.65 on Wednesday.
Most Asian-Pacific markets slumped in excess of 1 per cent in early trade on Thursday while the US stocks declined overnight, with Nasdaq being the biggest loser by 2.70 per cent. The Dow Jones Industrial Average slipped 0.40 per cent and the S&P 500 1.31 per cent.
Ircon International Ltd, Timken India Ltd, MSTC Ltd and Amara Raja Batteries Ltd are among the other losers in the BSE s A group today, 15 February 2021.
Ircon International Ltd, Timken India Ltd, MSTC Ltd and Amara Raja Batteries Ltd are among the other losers in the BSE s A group today, 15 February 2021.
Power Mech Projects Ltd lost 8.95% to Rs 485.65 at 14:46 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 18289 shares were traded on the counter so far as against the average daily volumes of 7918 shares in the past one month.
Ircon International Ltd crashed 8.88% to Rs 96.95. The stock was the second biggest loser in A group.On the BSE, 7.54 lakh shares were traded on the counter so far as against the average daily volumes of 2.92 lakh shares in the past one month.
Power Mech Projects Ltd receives LOA for projects worth Rs. 1068.36 crores
Posted On: 2021-02-10 01:23:38 (Time Zone: Arizona, USA)
Power Mech Projects Ltd has received the Letters of Award for the following works worth Rs.1068.36 Crores:
1. Implementation of Various Rural Water Supply Projects in the State of Uttar Pradesh for Meerut District under State Water & Sanitation Mission, Govt. of Uttar Pradesh.
2. Implementation of Various Rural Water Supply Projects in the State of Uttar Pradesh for Aligarh District under State Water & Sanitation Mission, Govt. of Uttar Pradesh. Works No.1 & 2 worth Rs.898 Crores, awarded for a Joint Venture of Power Mech Projects Limited.