Hot Pursuit
Desco Infratech Ltd. is up 1.42% to Rs 157.2 today, though the stock has declined 7.09% over the last one week.
Desco Infratech Limited announced it has received a Letter of Acceptance from Indian Oil Corporation Limited for a project involving “Execution of Last Mile Connectivity (LMC) / GI Installation & Direct Marketing Agency (DMA) Works in Vizag GA” in Andhra Pradesh, amounting to Rs 30,290,271. The order, awarded domestically, is for empanelment of contractors under a Zonal Rate Contract and includes GST, with the project's execution timeframe and specific terms outlined in the contract.
Trading volume reached 10000 shares today, a marginal increase of 5.26% compared to the one-week average volume. Desco Infratech Ltd plunged by 35.77% year-over-year, underperforming the 4.59% loss recorded by the NIFTY50 index.