ARSS Infra spurts after winning order

ARSS Infrastructure Projects rose 14.23% to Rs 55 at 9:52 IST on BSE after the company said it received a work order worth Rs 87.09 crore from Rail Vikas Nigam.

The announcement was made after market hours yesterday, 20 November 2017.

Meanwhile, the S&P BSE Sensex was up 121.49 points, or 0.36% to 33,481.39.

On the BSE, 1.17 lakh shares were traded in the counter so far, compared with average daily volumes of 59,471 shares in the past one quarter. The stock had hit a high of Rs 55.70 and a low of Rs 52.60 so far during the day. The stock hit a 52-week high of Rs 86.25 on 25 April 2017. The stock hit a 52-week low of Rs 38.75 on 28 September 2017.

The stock had underperformed the market over the past 30 days till 20 November 2017, rising 1.16% compared with 2.99% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 25.81% as against Sensex's 6.61% rise.

The small-cap company has equity capital of Rs 22.74 crore. Face value per share is Rs 10.

ARSS Infrastructure Projects said the order is for execution of balance work of roadbed, major & minor bridges, track linking, S&T service buildings, other civil works and outdoor signaling in connection with doubling work between BLSN to RVH (In) section (Excluding ANMD yard) and residential & other service buildings at MSMD & ANMD of Sambalpur Division of East Coast Railway & Raipur division of SECR in the state of Chhattisgarh, India a part of Raipur - Titlagarh doubling.

ARSS Infrastructure Projects reported a net loss of Rs 15.11 crore in Q1 June 2017 compared with net loss of Rs 55.95 crore in Q1 June 2016. Net sales rose 64.1% to Rs 312.39 crore in Q1 June 2017 over Q1 June 2016.

ARSS Infrastructure Projects focuses on infrastructure construction segment including highways, buildings and railways.

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