(20 second reading) ISMT is awarded two contracts from ONGC. The contracts, which were received on April 12th, are for the supply of regular casing pipes and have a total value of approximately Rs 343.72 crore. The contracts are expected to be executed between April 11, 2024 and February 13, 2025. As of 9:49 am, ISMT was quoting at Rs 99.25, up by Rs 2.98 or 3.10% on the BSE.
Currently, the stock is trading 11.57 percent below its 52-week high and 45.74 percent above its 52-week low.