A2Z Infra Engineering corrects on profit booking

A2Z Infra Engineering fell 5.43% to Rs 38.30 at 14:46 IST on BSE on profit booking after a recent rally.

Meanwhile, the BSE Sensex was down 39.40 points, or 0.15%, to 26,012.41.

On BSE, so far 2.17 lakh shares were traded in the counter, compared with average daily volume of 2.62 lakh shares in the past one quarter. The stock hit a high of Rs 40.05 and a low of Rs 37.55 so far during the day. The stock hit a 52-week high of Rs 51.65 on 1 November 2016. The stock hit a 52-week low of Rs 16.50 on 12 February 2016. The stock had outperformed the market over the past 30 days till 23 November 2016, falling 2.64% compared with the 7.26% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 4.25% as against Sensex's 6.41% decline.

The small-cap company has equity capital of Rs 129.62 crore. Face value per share is Rs 10.

Shares of A2Z Infra Engineering rose 20.54% in two trading sessions to settle at Rs 40.50 yesterday, 23 November 2016, from its close of Rs 33.60 on 21 November 2016.

Shares of A2Z Infra Engineering rose 6.86% to Rs 40.50 yesterday, 23 November 2016, after the company said its subsidiary A2Z Green Waste Management has agreed with one of its lenders for a settlement of its various debt obligation aggregating to Rs 416.18 crore. The announcement was made after market hours on Tuesday, 22 November 2016.

The stock surged 12.80% to Rs 37.90 on Tuesday, 22 November 2016, after the company said that a contract has been awarded to the company by Chhattisgarh State Power Transmission Company for construction of 132 kilovolt S/S Bijapur and associated EHV Line on turnkey basis. The aggregate value of the contract is Rs 41.33 crore. The announcement was made during market hours on Tuesday, 22 November 2016.

A2Z Infra Engineering reported a net loss of Rs 18.75 crore in Q1 June 2016, lower than net loss of Rs 34.21 crore in Q1 June 2015. Net sales surged 148.5% to Rs 202.70 crore in Q1 June 2016 over Q1 June 2015.

A2Z Infra Engineering (formerly known as A2Z Maintenance & Engineering Services) is a fast growing, fully integrated electrical business group (EBG) in India catering to the needs of domestic and international power sector clients in building distribution and transmission infrastructure.

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