Aksh Optifibre gains on new order win

Aksh Optifibre rose 1.38% to Rs 14.70 at 10:34 IST on BSE after the company said it has been awarded a Rs 200 crore plus order for Package B of ambitious National Optic Fibre Network backbone project.

The company made this announcement after market hours on Thursday, 16 January 2014

Meanwhile, the BSE Sensex was down 52.30 points, or 0.25% at 21,212.88

On BSE, 9,686 shares were traded in the counter as against an average daily volume of 34,075 shares in the past one quarter.

The stock hit a high of Rs 15.30 and a low of Rs 14.50 so far during the day. The stock had hit a 52-week high of Rs 20.25 on 22 January 2013 and a 52-week low of Rs 13.20 on 23 December 2013.

The small-cap stock had underperformed the market over the past one month till 16 January 2014, falling 9.09% compared with the Sensex's 2.93% rise. The scrip also underperformed the market in past one quarter, sliding 3.01% as against Sensex's 3.49% rise.

The company has an equity capital of Rs 74.28 crore. Face value per share is Rs 5.

Aksh Optifibre said it has been awarded a Rs 200 crore plus order for Package B of ambitious National Optic Fibre Network (NOFN) backbone project. The project is aimed at providing connectivity to over 250,000 gram panchayats across the country for better e-governance, e-health services and educational services, Aksh Optifibre said.

Aksh Optifibre reported 9.4% fall in net profit to Rs 6.38 crore on 4.4% rise in net sales to Rs 65.86 crore in Q2 September 2013 over Q2 September 2012.

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