GPT Infraprojects gets stronger after bagging order

GPT Infraprojects gained 2.91% to Rs 219 at 11:15 IST on BSE after the company said that it has bagged an order valued at Rs 37 crore.

The announcement was made during market hours today, 12 January 2018.

Meanwhile, the S&P BSE Sensex was up 82.57 points or 0.24% at 34,586.06. The S&P BSE Small-Cap index was up 145.37 points or 0.73% at 20,129.30, outperforming the Sensex.

On the BSE, 1,895 shares were traded on the counter so far as against the average daily volumes of 33,620 shares in the past one quarter. The stock had hit a high of Rs 221 and a low of Rs 215.60 so far during the day. The stock had hit a record high of Rs 228.70 on 27 November 2017. The stock had hit a 52-week low of Rs 101.30 on 2 March 2017.

The stock has gained 5.82% in three sessions to its ruling price, from a close of Rs 206.95 on 9 January 2018.

The stock had outperformed the market over the past one month till 11 January 2018, gaining 11.85% compared with the Sensex's 3.13% rise. The stock had also outperformed the market over the past one quarter, gaining 30.75% as against the Sensex's 8.39% rise. The scrip had also outperformed the market over the past one year, jumping 73.36% as against the Sensex's 27.13% rise.

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

GPT Infraprojects has bagged an order valued at Rs 37 crore from IRCON International for construction of foundation and substructure for major bridge on pile foundation in connection of doubling of Kiul-Gaya Rail line. The project completion period is 18 months.

GPT Infraprojects' consolidated net profit rose 25.5% to Rs 3.84 crore on 19.1% fall in net sales to Rs 98.44 crore in Q2 September 2017 over Q2 September 2016.

GPT Infraprojects is a premier infrastructure company based out of Kolkata.

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