GPT Infraprojects advances after new order win

GPT Infraprojects gained 2.84% to Rs 197.30 at 12:45 IST on BSE after the company said that it has bagged an order valued Rs 129 crore from Eastern Railway.

The announcement was made during market hours today, 14 February 2018.

Meanwhile, the S&P BSE Sensex was down 39.50 points or 0.12% at 34,260.97. The S&P BSE Small-Cap index was up 124.95 points or 0.68% at 18,588.33.

On the BSE, 2,567 shares were traded on the counter so far as against the average daily volumes of 52,281 shares in the past one quarter. The stock had hit a high of Rs 203.90 and a low of Rs 188.25 so far during the day. The stock had hit a record high of Rs 247.25 on 16 January 2018. The stock had hit a 52-week low of Rs 101.30 on 2 March 2017.

The stock had underperformed the market over the past 30 days till 12 February 2018, falling 11.96% compared with 0.84% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 17.7% as against Sensex's 4.12% rise. The scrip also outperformed the market in past one year, advancing 56.04% as against Sensex's 20.98% rise.

The small-cap company has equity capital of Rs 29.09 crore. Face value per share is Rs 10.

GPT Infraprojects said that it has bagged an order valued Rs 129 crore from Eastern Railway for construction of new rail bridge in West Bengal. The contract completion period is 24 months. The company has current orders in hand of nearly Rs 2089 crore including cumulative order inflow of Rs 673 crore in the current financial year.

GPT Infraprojects' consolidated net profit jumped 91.61% to Rs 6.17 crore on 10.79% rise in total income to Rs 118.66 crore in Q3 December 2017 over Q3 December 2016.

GPT Infraprojects is an infrastructure company engaged in the execution of civil and infrastructure projects and manufacture of concrete sleeper for railways.

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