BS gains after winning new order

BS rose 1.77% to Rs 37.40 at 14:31 IST on BSE after the company said it bagged an order worth Rs 69 crore in Andhra Pradesh.

The company made the announcement during trading hours today, 22 July 2014.

Meanwhile, the BSE Sensex was up 225.90 points, or 0.88%, to 25,941.07.

On BSE, so far 4.49 lakh shares were traded in the counter, compared with an average volume of 5.99 lakh shares in the past one quarter.

The stock hit a high of Rs 39.05 and a low of Rs 37.35 so far during the day. The stock hit a record high of Rs 41.80 on 4 July 2014. The stock hit a 52-week low of Rs 10.45 on 11 December 2013.

The stock had underperformed the market over the past one month till 21 July 2014, rising 1.24% compared with 2.43% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 141.94% as against Sensex's 12.96% rise.

The small-cap company has an equity capital of Rs 43.94 crore. Face value per share is Re 1.

BS announced that it has won an EPC contract worth Rs 69 crore for construction of 220 kilovolt transmission lines in Andhra Pradesh. Timeframe for completion of this contract is 12 months.

The company said it is currently executing total orders worth Rs 130 crore in Andhra Pradesh & Telangana for setting up transmission lines and associated substations.

On a consolidated basis, BS' net profit rose 54% to Rs 30.86 crore on 24.9% increase in net sales to Rs 653.05 crore in Q4 March 2014 over Q4 March 2013.

A leading infrastructure provider, BS has been augmenting its core business in power transmission & distribution and passive telecom infrastructure and has expedited its presence in mineral resources, renewable energy and environmental management. The company has an integrated business model in its core business, power and teleservices, with nationwide EPC capability for executing turnkey projects.

Powered by Capital Market - Live News