Vascon Engineers Soars Nearly 8%

Vascon Engineers, an engineering, procurement and construction company on Wednesday rose 7.8% to hit its fresh 52-week high of Rs 55 per share, as there were market wide rumours that Lodha Group was to reportedly buy 15% stake in the Pune based Company.

The stock has delivered 95% returns in a period of one year, outperforming the BSE Small cap and Nifty Infrastructure indices over the same time period.

Vascon Engineers Limited's principal activities include real estate development, hospitality, manufacturing and building management system (BMS).

The company's segments include EPC, real estate development, hotel and manufacturing & BMS. The EPC segment includes the construction of residential, commercial, industrial and other constructions.

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