New order boosts Rolta India

Rolta India rose 1.42% to Rs 75 at 14:04 IST on BSE after the company said it has been awarded a prestigious 3D City Modeling contract valued at $4 million by a major Middle-Eastern country.

The new order was announced during trading hours today, 24 February 2014.

Meanwhile, the S&P BSE Sensex was up 96.09 points or 0.46% at 20,796.84.

On BSE, so far 3.76 lakh shares were traded in the counter as against average daily volume of 2.91 lakh shares in the past one quarter.

The stock hit a high of Rs 75.80 and a low of Rs 73.50 so far during the day. The stock had hit a 52-week high of Rs 78.65 on 15 January 2014. The stock had hit a 52-week low of Rs 50 on 12 June 2013.

The stock had outperformed the market over the past one month till 21 February 2014, advancing 0.27% compared with Sensex's 2.59% fall. The scrip had also outperformed the market in past one quarter, surging 15.82% as against Sensex's 2.33% rise.

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

Rolta India said that the latest project entails the creation of a 3D City model over a large urban area of 3,000 sq. km. This award recognizes Rolta's unique ability to provide domain expertise and deliver sophisticated technology solutions that fundamentally change how agencies and governments fulfill their missions, the company said in a statement.

Mr. K.K. Singh, Chairman and CEO of Rolta said, "We are very pleased to have been selected for yet another 3D City Modeling project. Our customer is among the early adopters of the new paradigm for effective e-governance and delivery of citizen services. At Rolta, we are excited to have the technology and the expertise to help customers participate in '3D Digital Globe' initiatives".

Rolta India's consolidated net profit rose 6.19% to Rs 74.61 crore on 20.93% growth in net sales to Rs 759.17 crore in Q2 December 2013 over Q1 September 2013.

Rolta is a leading provider of innovative IT solutions for many vertical segments, including federal and state governments, defense/HLS, utilities, process, power, financial services, manufacturing, retail, and healthcare.

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