ARSS Infra gains after winning order

ARSS Infrastructure Projects rose 1.40% to Rs 32.65 at 13:59 IST on BSE after the company said it received a Rs 148 crore order from Odisha government.

The announcement was made during trading hours today, 18 September 2015.

Meanwhile, the BSE Sensex was up 449.34 points, or 1.73%, to 26,413.31.

On BSE, so far 69,000 shares were traded in the counter, compared with an average volume of 45,642 shares in the past one quarter.

The stock hit a high of Rs 33.80 and a low of Rs 31.95 so far during the day. The stock hit a 52-week high of Rs 54 on 4 February 2015. The stock hit a 52-week low of Rs 21.50 on 25 August 2015.

The stock had outperformed the market over the past one month till 16 September 2015, rising 11.61% compared with 7.49% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 19.04% as against Sensex's 2.71% decline.

The small-cap company has an equity capital of Rs 14.84 crore. Face value per share is Rs 10.

ARSS Infrastructure Projects announced that it received an order for execution of work of Rs 148 crore from Chief Engineer, National Highways (NHs) Odisha, Government of Odisha. Details of the contract were not disclosed.

Net profit of ARSS Infrastructure Projects declined 14.55% to Rs 0.94 crore on 26.90% decline in net sales to Rs 133.55 crore in Q1 June 2015 over Q1 June 2014.

ARSS Infrastructure Projects offers construction services. The company builds railway infrastructure, roads, bridges and highways.

Powered by Capital Market - Live News