Shares of Energy Mech Tasks Ltd fell 3.5% on twenty eighth August after hitting a day’s excessive of Rs 3,138.70, regardless of the agency saying it had secured an order value Rs 370.84 crore from Mahan Energen Ltd (MEL), a subsidiary of Adani Energy Ltd.
The contract is for civil works and the erection of prefabricated structural metal for BTG Models 1 & 2 of Mahan Section-III (2 x 800 MW) in Singrauli, Madhya Pradesh.
The challenge encompasses the development of the principle powerhouse, central management constructing, ESP, FGD, limestone dealing with system, switchyard, and different associated works, with a completion goal of 30 months.
Following the replace, Energy Mech’s market cap slipped to Rs 9,687.23 crore. On the technical entrance, the inventory’s RSI stands at 43.6, indicating it’s buying and selling in a impartial zone — neither overbought nor oversold.
At 3:01 PM, the shares of Energy Mech have been buying and selling 3.78% decrease at Rs 3,012 on NSE.
Unlock worthwhile alternatives each day! Unicorn Indicators supplies actionable intraday buying and selling indicators for shares and futures. Don’t miss out – obtain Unicorn Indicators and begin profitable now!
