J Kumar Infraprojects gains after new order win

J Kumar Infraprojects rose 3.26% to Rs 245.15 at 14:13 IST on BSE after the company won three construction orders worth Rs 195.14 crore from MCGM.

The announcement was made during market hours today, 6 May 2016.

Meanwhile, the BSE Sensex was down 10.35 points, or 0.04%, to 25,251.86

On BSE, so far 33,000 shares were traded in the counter, compared with an average volume of 17,663 shares in the past one quarter. The stock hit a high of Rs 252.20 and low of Rs 235.05 so far during the day. The stock hit a record high of Rs 449.75 on 6 October 2015. The stock hit a 52-week low of Rs 229.55 on 2 May 2016. The stock had underperformed the market over the past one month till 5 May 2016, falling 6.52% compared with the Sensex's 1.52% gains. The scrip had also underperformed the market in past one quarter, sliding 33.86% as against Sensex's 2.62% gains.

The small-cap company has an equity capital of Rs 37.83 crore. Face value per share is Rs 5.

J Kumar Infraprojects received a letter of award (LoA) and work order for three construction orders worth Rs 195.14 crore form Municipal Corporation of Greater Mumbai (MCGM).

J Kumar Infraprojects' net profit rose 0.2% to Rs 23.94 crore on 0.9% fall in net sales to Rs 299.45 crore in Q3 December 2015 over Q3 December 2014.

J Kumar Infraprojects is a civil engineering company focussed on construction of roads, flyovers, civil construction of buildings, irrigation projects and piling works.

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