Strong order book boosts IVRCL
DALAL STREET SPIKES
| While the overall market witnessed profit booking in the final hours of the day, IVRCL held on to the gains. |
| The new orders include a contract for the construction of buildings amounting to Rs 160.47 crore, a water transmission works project worth Rs 100.65 crore and a road construction related project worth Rs 50 crore. |
| The counter has also been in the news for the company's impressive December quarter results. The company reported a 74 per cent jump in net profit to Rs 14.31 crore on a 33 per cent rise in sales to Rs 283.37 crore. |
| Form a low of Rs 297.75 on 24 January, 2005, the stock has gained 21.21 per cent to today's close of Rs 360.40. |