Ahluwalia Contracts builds up after securing new orders

Ahluwalia Contracts (India) gained 4.61% to Rs 389.50 at 13:00 IST on BSE after the company secured new orders totaling around Rs 395.21 crore for construction of institutional, & commercial including electrical, plumbing & firefighting services.

The announcement was made during market hours today, 5 January 2018.

Total order inflow during the year ending 31 March 2018 (FY 2018) is Rs 1261.89 crore.

Meanwhile, the S&P BSE Sensex was up 146.52 points or 0.43% at 34,116.16. The S&P BSE Small-Cap index advanced 180.63 points or 0.93% at 19,696.27, outperforming the Sensex.

High volumes were witnessed on the counter. On the BSE, 2.25 lakh shares were traded on the counter so far as against the average daily volumes of 5,012 shares in the past one quarter. The stock had hit a high of Rs 395 and a low of Rs 378 so far during the day. The stock had hit a record high of Rs 425.70 on 27 December 2017 and a 52-week low of Rs 236 on 11 August 2017.

The stock had underperformed the market over the past one month till 4 January 2018, falling 0.61% compared with the Sensex's 3.35% rise. The scrip had, however, outperformed the market over the past one quarter, rising 24.03% as against the Sensex's 7.26% rise. The scrip had also outperformed the market over the past one year, jumping 48.7% as against the Sensex's 27.55% rise.

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

Ahluwalia Contracts (India)'s net profit rose 29% to Rs 25.77 crore on 15.2% rise in net sales to Rs 334.55 crore in Q2 September 2017 over Q2 September 2016.

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

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