A2Z Infra Engineering jumps after winning order

A2Z Infra Engineering rose 7.59% to Rs 33.30 at 10:50 IST on BSE after the company said it won a contract worth $13.56 million from Nepal Electricity Authority.

Meanwhile, the BSE Sensex was down 290.50 points, or 1.09%, to 26,345.25.

On BSE, so far 5.39 lakh shares were traded in the counter, compared with an average volume of 85.20 lakh shares in the past one quarter. The stock hit a high of Rs 34.60 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 31.60 so far during the day. The stock hit a 52-week low of Rs 12.10 on 12 June 2015. The stock had outperformed the market over the past one month till 10 June 2016, rising 28.69% compared with 3.28% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 53.98% as against Sensex's 7.76% rise.

The small-cap company has an equity capital of Rs 126.89 crore. Face value per share is Rs 10.

A2Z Infra Engineering announced after market hours on Friday, 10 June 2016, that a contract has been awarded from Nepal Electricity Authority (a Government of Nepal Undertaking) for expansion of distribution network in the Western Region of Nepal for contract price aggregating to $13.56 million.

A2Z Infra Engineering reported net profit of Rs 6.53 crore in Q4 March 2016 as against net loss of Rs 109.54 crore in Q4 March 2015. Net sales rose 453.48% to Rs 349.58 crore in Q4 March 2016 over Q4 March 2015.

AZZ Maintenance & Engineering Services is an engineering, procurement and construction (EPC).

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