IVRCL jumps after winning new orders

IVRCL jumped 6.73% to Rs 12.37 at 14:42 IST on BSE after the company announced that its water division has bagged orders worth Rs 1423.31 crore.

The announcement was made during trading hours today, 8 October 2013.

Meanwhile, the BSE Sensex was up 108.12 points, or 0.54%, to 20,003.22.

On BSE, 16.07 lakh shares were traded in the counter compared with average volume of 7.79 lakh shares in the past one quarter.

The stock hit a high of Rs 12.53 and a low of Rs 11.60 so far during the day. The stock hit a 52-week high of Rs 48.20 on 7 December 2012. The stock hit a 52-week low of Rs 9.80 on 28 August 2013.

The stock had outperformed the market over the past one month till 7 October 2013, rising 10.59% compared with the Sensex's 3.24% rise. The scrip had, however, underperformed the market in past one quarter, sliding 27.11% as against Sensex's 2.05% rise.

The small-cap company has an equity capital of Rs 61.38 crore. Face value per share is Rs 2.

IVRCL reported net loss of Rs 88.48 crore in Q1 June 2013 as against net loss of Rs 6 crore in Q1 June 2012. Net sales declined 15.67% to Rs 1004.79 crore in Q1 June 2013 over Q1 June 2012.

IVRCL operates in the core infrastructure sectors of water & environment, transportation, buildings and power.

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