Ahluwalia Contracts jumps after securing new orders

Ahluwalia Contracts (India) rose 5.60% to Rs 158.50 at 9:39 IST on BSE after the company said it secured new orders worth Rs 178 crore for construction of housing project including finishing and electrical works.

The announcement was made after market hours on Wednesday, 8 October 2014.

Meanwhile, the BSE Sensex was up 284.85 points, or 1.09%, to 26,531.64.

On BSE, so far 6,811 shares were traded in the counter, compared with an average volume of 40,527 shares in the past one quarter.

The stock hit a high of Rs 159.95 and a low of Rs 155.35 so far during the day. The stock hit a 52-week high of Rs 197.80 on 12 September 2014. The stock hit a 52-week low of Rs 18.35 on 9 October 2013.

The stock had underperformed the market over the past one month till 8 October 2014, falling 11.31% compared with 3.93% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 34.38% as against Sensex's 2.60% rise.

The small-cap company has an equity capital of Rs 12.55 crore. Face value per share is Rs 2.

New aggregating order in first half of the financial year ending 31 March 2015 (FY 2015) is Rs 792.85 crore. Unexecuted order book as on 30 September 2014 is Rs 3350 crore, Ahluwalia Contracts (India) said in a statement.

Net profit of Ahluwalia Contracts (India) surged 1863.95% to Rs 16.89 crore on 8.99% rise in net sales to Rs 238.69 crore in Q1 June 2014 over Q1 June 2013.

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

Powered by Capital Market - Live News