Ahluwalia Contracts jumps after bulk deal

Ahluwalia Contracts (India) surged 5.3% to Rs 231.55 at 15:20 IST on BSE after 1.38% equity changed hands in a bulk deal on BSE today, 21 January 2015.

A bulk deal of 9.25 lakh shares was traded on the Ahluwalia Contracts (India) counter at Rs 222 per share at 12:41 IST on BSE today, 21 January 2015.

Meanwhile, the BSE Sensex was up 104.88 points, or 0.36%, to 28,889.55

Bulk deal boosted volume on the Ahluwalia Contracts (India) scrip. On BSE, so far 10.66 lakh shares were traded in the counter, compared with an average volume of 1.40 lakh shares in the past one quarter.

The stock hit a high of Rs 234.25 and a low of Rs 211.10 so far during the day. The stock hit a 52-week high of Rs 237.40 on 4 December 2014. The stock hit a 52-week low of Rs 21.15 on 28 January 2014.

The stock had underperformed the market over the past one month till 20 January 2015, rising 1.97% compared with Sensex's 5.16% rise. The scrip, however, outperformed the market in past one quarter, surging 46.65% as against Sensex's 8.91% rise.

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

Ahluwalia Contracts (India)'s net profit jumped 1312.2% to Rs 16.24 crore on 8.6% fall in total income to Rs 242.28 crore in Q2 September 2014 over Q2 September 2013.

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

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