C & C Constructions gains after winning new order

C & C Constructions rose 2.29% to Rs 29 at 11:33 IST on BSE after the company received an order worth Rs 133.56 crore for building a flyover and rail under bridge in Uttarakhand.

The announcement was made during trading hours today, 10 December 2013.

Meanwhile, the BSE Sensex was down 68.31 points, or 0.32%, to 21,258.11.

On BSE, 3,506 shares were traded in the counter compared with average volume of 795 shares in the past one quarter.

The stock hit a high of Rs 31 and a low of Rs 28 so far during the day. The stock hit a 52-week high of Rs 54 on 19 December 2012. The stock hit a record low of Rs 18 on 22 August 2013.

The stock had underperformed the market over the past one month till 9 December 2013, sliding 13.96% compared with the Sensex's 3.19% rise. The scrip had, however, outperformed the market in past one quarter, rising 23.26% as against Sensex's 10.67% rise.

The small-cap company has an equity capital of Rs 25.45 crore. Face value per share is Rs 10.

C & C Constructions said it has been awarded a project by Engineering Projects (India) for construction of flyover and rail under bridge in the state of Uttarakhand. The contract value of the project is Rs 133.56 crore, the company said.

C & C Constructions reported a net loss of Rs 52.88 crore in Q1 September 2013 compared with a net loss of Rs 63.38 crore in Q1 September 2012. Net sales rose 52.2% to Rs 255.58 crore in Q1 September 2013 over Q1 September 2012.

C & C Constructions is construction conglomerate focused on creating infrastructure assets. The company's activity areas include turnkey responsibility for roads, highways and urban infrastructure (water, sanitation and sewerage, power/telecom transmission, towers and commercial buildings).

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