Large orders boost Rolta India

Rolta India surged 6.17% to Rs 129.10 at 11:56 IST on BSE after the company said it has secured Smart City and 3D Mapping with City Modelling projects in the Middle East, for a combined value around $15 million.

The announcement was made during market hours today, 6 August 2015.

Meanwhile, the S&P BSE Sensex was down 53.50 points or 0.19% at 28,169.58.

The stock surged on heavy volumes. On BSE, so far 9.80 lakh shares were traded in the counter as against average daily volume of 2.76 lakh shares in the past one quarter.

The stock hit a high of Rs 131.80 and a low of Rs 123.80 so far during the day. The stock had hit a 52-week high of Rs 196.80 on 28 February 2015. The stock had hit a 52-week low of Rs 88.15 on 17 December 2014.

The stock had outperformed the market over the past one month till 5 August 2015, surging 20.46% compared with Sensex's 0.46% rise. The scrip had, however, underperformed the market in past one quarter, sliding 0.16% as against Sensex's 2.85% rise.

The small-cap company has equity capital of Rs 161.33 crore. Face value per share is Rs 10.

On consolidated basis, Rolta India's net profit fell 52.96% to Rs 36.01 crore on 2.13% decline in net sales to Rs 946.14 crore in the quarter ended 31 March 2015 over the quarter ended 31 December 2014.

Rolta ia a leding provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense, Homeland Security, Utilities, Oil & Gas, Financial Services, Manufacturing, Retail and Healthcare.

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