Ahluwalia Contracts (India) cracks after poor Q4 result

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Capital Market
Last Updated : Jun 01 2017 | 12:01 AM IST

Ahluwalia Contracts (India) lost 7.07% to Rs 350.05 at 15:25 IST on BSE after net profit dropped 23.81% to Rs 20.35 crore on 22.11% increase in total income to Rs 473.98 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 30 May 2017.

Meanwhile, the S&P BSE Sensex was up 1.28 points, to 31,160.68. The S&P BSE Small-Cap index was up 170.77 points, or 1.14%, to 15,094.81.

On BSE, so far 4,366 shares were traded in the counter, compared with average daily volume of 11,085 shares in the past one quarter. The stock hit a high of Rs 365 and a low of Rs 345 so far during the day. The stock hit a record high of Rs 409 on 11 May 2017. The stock hit a 52-week low of Rs 240 on 16 November 2016.

The stock had outperformed the market over the past one month till 30 May 2017, rising 6.85% compared with 4.15% gains in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.98% as against Sensex's 8.41% gains. The scrip had also outperformed the market in past one year, advancing 37.06% as against Sensex's 16.59% gains.

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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First Published: May 31 2017 | 3:34 PM IST

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