GPT Infraprojects gains after bagging order

GPT Infraprojects rose 3.05% to Rs 135 at 14:55 IST on BSE after the company said it has bagged orders valued at Rs 52 crore.

Meanwhile, the S&P BSE Sensex was up 80.46 points or 0.29% at 28,303.54.

On BSE, so far 32,413 shares were traded in the counter as against average daily volume of 19,906 shares in the past one quarter.

The stock hit a high of Rs 139.70 and a low of Rs 131 so far during the day. The stock had hit a 52-week high of Rs 258.50 on 9 February 2015. The stock had hit a 52-week low of Rs 81 on 29 October 2014.

The stock had outperformed the market over the past one month till 5 August 2015, rising 21.97% compared with Sensex's 0.46% gain. The scrip had also outperformed the market in past one quarter, gaining 6.5% as against Sensex's 2.85% gain.

The small-cap company has equity capital of Rs 14.54 crore. Face value per share is Rs 10.

GPT Infraprojects said the order is for assembling, erection, supplying, fitting and fixing, launching WOT Steel Grider with bearing in Bridge No. 44 over river Makru in between Dholakhal and Kaimai Road Station including other ancillary works in connection with the construction of the new BG Line from Jiribam to Imphal (Two Packet System) in Joint Venture with Rahee Infratech. The order has to be executed for Northeast Frontier Railway with a completion period of 11 months.

GPT Infraprojects reported consolidated net profit of Rs 0.13 crore Q4 March 2015 compared with consolidated net loss of Rs 0.20 crore in Q4 March 2014. Total income rose 19.9% to Rs 136.24 crore in Q4 March 2015 over Q4 March 2014.

GPT Infraprojects, the flagship company of the GPT Group is a premier Infrastructure company based out of Kolkata, India engaged in the execution of civil and infrastructure projects and manufacture of concrete sleeper for Railways.

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