Ansal Properties spurts over 29% in two sessions

Ansal Properties & Infrastructure jumped 7.64% to Rs 23.25 at 13:11 IST on BSE, extending Monday's 20% surge triggered by the company's robust consolidated Q2 September 2013 results.

The company announced the result after market hours on Thursday, 14 November 2013. The market was shut on Friday, 15 November 2013, on account of Moharram.

The stock surged 20% to Rs 21.60 on Monday, 18 November 2013. It has risen 29.17% in two session from Rs 18 on Thursday, 14 November 2013.

Meanwhile, the BSE Sensex was up 40.31 points, or 0.19%, to 20,891.05.

On BSE, 3.16 lakh shares were traded in the counter compared with average volume of 25,132 shares in the past one quarter.

The stock hit a high of Rs 24.15 and a low of Rs 21.50 so far during the day. The stock hit a 52-week high of Rs 42.50 on 7 January 2013. The stock hit a 52-week low of Rs 12.20 on 6 August 2013.

The stock had outperformed the market over the past one month till 18 November 2013, rising 21.01% compared with the Sensex's 0.15% fall. The scrip had also outperformed the market in past one quarter, gaining 45.16% as against Sensex's 12.11% rise.

The small-cap company has an equity capital of Rs 78.70 crore. Face value per share is Rs 5.

On a consolidated basis, Ansal Properties & Infrastructure's net profit surged 2062% to Rs 32.43 crore on 34.91% increase in sales and operating income to Rs 444.34 crore in Q2 September 2013 over Q2 September 2012.

EBITDA (earnings before interest, taxes, depreciation and amortization) surged 172.96% to Rs 78.64 crore in Q2 September 2013 over Q2 September 2012.

Ansal Properties & Infrastructure is engaged in the real estate development business. It is an integrated township developer with focus on mid-income housing space across various cities of Northern India (Haryana, Uttar Pradesh, Rajasthan & Punjab) wherein the company acts as a master developer for its integrated township and hi-tech township projects, starting from project conceptualization, planning, designing, construction and delivery.

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