J Kumar Infraprojects jumps after winning contract from DMRC

J Kumar Infraprojects rose 5.53% to Rs 338 at 11:22 IST on BSE after the company said it won contract from Delhi Metro Rail Corporation.

The announcement was made on Saturday, 20 January 2018.

Meanwhile, the S&P BSE Sensex was up 100.20 points, or 0.28% to 35,611.78.

On the BSE, 14,000 shares were traded in the counter so far, compared with average daily volumes of 27,372 shares in the past one quarter. The stock had hit a high of Rs 344.95 and a low of Rs 330.75 so far during the day. The stock hit a 52-week high of Rs 362 on 11 January 2018. The stock hit a 52-week low of Rs 181.60 on 14 August 2017.

The stock had underperformed the market over the past 30 days till 19 January 2018, rising 0.98% compared with 5.20% rise in the Sensex. The scrip had outperformed the market in past one quarter, rising 41.38% as against Sensex's 9.64% rise. The scrip had also outperformed the market in past one year, rising 38.24% as against Sensex's 31.36% rise.

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

J Kumar Infraprojects said it received letter of acceptance (LoA) from Delhi Metro Rail Corporation for line 2A architectural station finishing tenders.

The first contract is for architectural finishing works of four stations viz. Don Bosco, Shimpoli, Mahavir Nagar and Kamraj Nagar of Line 2A on Dahisar (East) to DN Nagar corridor of Mumbai Metro Rail Project. The contract is worth Rs 28.10 crore.

The second order is for architectural finishing works of four stations viz. Charkop, Malad, Kasturi Park and Bangur Nagar of Line 2A on Dahisar (East) to DN Nagar Corridor of Mumbai Metro Rail Project. The contract is worth Rs 28.86 crore.

Net profit of J Kumar Infraprojects rose 0.22% to Rs 23.04 crore on 2.35% rise in net sales to Rs 317.01 crore in Q2 September 2017 over Q2 September 2016.

J Kumar Infraprojects is engaged in construction activities.

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