MBL Infrastructures gains on new order win

MBL Infrastructures rose 2.96% to Rs 439.60 at 14:16 IST on BSE after the company bagged an order a worth Rs 234.44 crore.

The company made the announcement during trading hours today, 16 February 2015.

Meanwhile, the BSE Sensex was up 96.09 points, or 0.33%, to 29,191.02

On BSE, so far 13,894 shares were traded in the counter, compared with an average volume of 11,322 shares in the past one quarter.

The stock hit a high of Rs 440.20 and a low of Rs 426.50 so far during the day. The stock hit a record high of Rs 467 on 29 January 2015. The stock hit a 52-week low of Rs 100.75 on 13 February 2014.

The stock had underperformed the market over the past one month till 13 February 2015, falling 4.11% compared with Sensex's 6.09% rise. The scrip, however, outperformed the market in past one quarter, advancing 16.84% as against Sensex's 4.13% rise.

The small-cap firm has an equity capital of Rs 20.73 crore. Face value per share is Rs 10.

MBL Infrastructures said that the company has bagged a project of restoration of Saran main canal and its distribution system, Bihar, on EPC basis with a construction period of 30 months under Accelerated Irrigation Benefits Programme (AIBP) of Ministry of Water Resources.

MBL Infrastructures' consolidated net profit fell 7.6% to Rs 21.82 crore on 8.5% rise in total income to Rs 542.63 crore in Q3 December 2014 over Q3 December 2013.

MBL Infrastructures is engaged in execution of civil engineering projects.

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