Indian Hume Pipe Company firms up after securing order

Indian Hume Pipe Company rose 2.03% to Rs 381.35 at 15:17 IST on BSE after the company said it secured an order worth Rs 135.78 crore from Government of Andhra Pradesh.

The announcement was made during trading hours today, 21 February 2018.

Meanwhile, the S&P BSE Sensex was up 149.15 points, or 0.44% to 33,852.74.

On the BSE, 3,533 shares were traded in the counter so far compared with average daily volumes of 5,789 shares in the past one quarter. The stock had hit a high of Rs 391.70 and a low of Rs 372 so far during the day. The stock hit a record high of Rs 591 on 1 September 2017. The stock hit a 52-week low of Rs 357 on 6 February 2018.

The stock had underperformed the market over the past 30 days till 20 February 2018, falling 11.58% compared with 5.85% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 19.32% as against Sensex's 0.42% rise. The scrip had also underperformed the market in past one year, falling 8.76% as against Sensex's 17.18% rise.

The small-cap company has equity capital of Rs 9.69 crore. Face value per share is Rs 2.

Indian Hume Pipe Company has secured a work order of Rs 135.78 crore from Public Health & Municipal Engineering Department, Government of Andhra Pradesh - Tadipatri Municipality, under Atal Mission for Rejuvenation and Urban Transformation (AMRUT 2016-20) - for Tadipatri Water Supply Improvement Scheme.

Net profit of Indian Hume Pipe Company declined 17.53% to Rs 14.68 crore on 6.79% decline in net sales to Rs 356.09 crore in Q3 December 2017 over Q3 December 2016.

Indian Hume Pipe Company is engaged in the construction and maintenance of projects relating to water supply and sewerage systems, and pipe manufacturing.

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