ITD Cementation India Ltd. bagged two construction orders worth Rs 960 crore in Kerala and West Bengal.
The company has received a construction project at the Thiruvananthapuram International Airport and development of a multi-storeyed commercial building in Kolkata, according to an exchange filing on Thursday.
On June 9, ITD Cementation received construction order worth Rs 893 crore in Odisha. The project included the construction of the berth and breakwater for the development of greenfield captive jetties
Shares of ITD Cementation closed 1.41% higher at Rs 808.8 apiece on the National Stock Exchange, compared to a 0.08% fall in the benchmark Nifty. The stock has risen 71.19% in the last 12 months and 50.29% on a year-to-date basis.
Out of the three analysts tracking the company, two have a 'buy' rating on the stock and one recommends 'hold', according to Bloomberg data. The average of 12-month analysts' price target implies a potential downside of 12.3%.
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