Ahluwalia Contracts advances after good Q2 result

Ahluwalia Contracts (India) rose 2.65% to Rs 336.65 at 11:07 IST on BSE after net profit rose 28.98% to Rs 25.77 crore on 14.2% rise in total income to Rs 335.53 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 16 November 2017.

Meanwhile, the S&P BSE Sensex was up 379.32 points or 1.15% at 33,486.14. The S&P BSE Small-Cap index advanced 220.84 points or 1.26% at 17,683.70.

On the BSE, 8,857 shares were traded on the counter so far as against the average daily volumes of 7,978 shares in the past one quarter. The stock had hit a high of Rs 340 and a low of Rs 333.75 so far during the day. The stock had hit a record high of Rs 409 on 11 May 2017 and a 52-week low of Rs 236 on 11 August 2017.

The stock had outperformed the market over the past one month till 16 November 2017, rising 13.46% compared with the 1.6% gain in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 17.78% as against Sensex's 5.02% gain. The stock also outperformed the market over the past one year, advancing 25.53% compared with the 26.23% gain in the Sensex.

The small-cap company has equity capital of Rs 13.40 crore. Face value per share is Rs 2.

Ahluwalia Contracts (India) is one of the leading civil contractors in India.

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