Ahluwalia Contracts gains after securing new orders

Ahluwalia Contracts (India) was up 1.16% to Rs 305 at 10:22 IST on BSE after the company said it has bagged construction and re-development orders worth Rs 555.77 crore.

The announcement was made after market hours yesterday, 3 October 2017.

Meanwhile, the S&P BSE Sensex was up 145.51 points or 0.46% at 31,642.89. The S&P BSE Small-Cap index advanced 133.12 points or 0.82% at 16,325.70.

On the BSE, 17,000 shares were traded on the counter so far as against the average daily volumes of 8,600 shares in the past one quarter. The stock had hit a high of Rs 317.85 and a low of Rs 303.35 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 3 October 2017, advancing 8.43% compared with the Sensex's 1.24% fall. The stock had, however, underperformed the market over the past one quarter, sliding 9.97% as against the Sensex's 0.88% rise. The scrip had also underperformed the market over the past one year, declining 1.33% as against the Sensex's 11.52% 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 35.3% to Rs 29.52 crore on 64.6% growth in net sales to Rs 504.20 crore in Q1 June 2017 over Q1 June 2016.

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

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