Meghna Infracon Shares Dip Below Previous Close After Opening Stronger
Mumbai: Shares of Meghna Infracon Infrastructure Ltd (BOM: 538668) traded modestly lower in the early session on the Bombay Stock Exchange (BSE) on Thursday, April 4th, pulling back after a higher opening.
As of 9:47 am IST, Meghna Infracon was trading at 814.00 INR. This indicates a decline of 5.00 INR, or 0.61%, compared to its previous closing price of 819.00 INR.
The stock initially opened the trading day higher at 824.50 INR, which also marked its day’s high. However, it faced selling pressure shortly after, dropping to a day’s low of 810.00 INR before recovering some ground to its current level.
Financially, Meghna Infracon Infrastructure currently holds a market capitalization of 884.10 Crore INR. The stock trades at a high Price-to-Earnings (P/E) ratio of 150.98 and offers a minimal dividend yield of 0.012%.
Looking at the broader time frame, the current share price is trading near its 52-week high of 868.70 INR. It remains significantly above its 52-week low of 230.60 INR, highlighting substantial gains over the past year despite today’s minor dip.
