Desco Infratech gains on bagging order worth Rs 3.50 crore

The order is for repair & maintenance of PNG installations

Desco Infratech is currently trading at Rs. 229.50, up by 4.50 points or 2.00% from its previous closing of Rs. 225.00 on the BSE.

The scrip opened at Rs. 225.00 and has touched a high and low of Rs. 230.00 and Rs. 222.00 respectively. So far 14000 shares were traded on the counter.

The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 265.00 on 02-May-2025 and a 52 week low of Rs. 160.00 on 01-Apr-2025.

Last one week high and low of the scrip stood at Rs. 230.00 and Rs. 218.00 respectively. The current market cap of the company is Rs. 176.16 crore.

The promoters holding in the company stood at 58.12%, while Institutions and Non-Institutions held 11.15% and 30.73% respectively.

Desco Infratech has received order worth Rs 3.50 crore (inclusive of GST) from Indraprastha Gas for repair & maintenance of PNG installations. Earlier, the company had received multiple orders worth Rs 19.18 crore from Bharat Petroleum Corporation, GAIL Gas and Torrent Gas

Desco Infratech is mainly engaged in providing infrastructure and maintenance services to city gas distribution divisions in India.