New order boosts RPP Infra

RPP Infra Projects jumped 5.46% to Rs 158.50 at 12:16 IST on BSE after the company said it has secured a new order worth Rs 46.33 crore from Hindustan Prefab, a Government of India enterprise.

The announcement was made during market hours today, 13 April 2015.

Meanwhile, the S&P BSE Sensex was up 85.85 points or 0.3% at 28,965.23.

On BSE, so far 64,000 shares were traded in the counter as against average daily volume of 45,066 shares in the past one quarter.

The stock hit a high of Rs 162.90 and a low of Rs 151 so far during the day. The stock had hit a record high of Rs 179.70 on 4 February 2015. The stock had hit a 52-week low of Rs 62 on 22 April 2014.

The stock had outperformed the market over the past one month till 10 April 2015, surging 16.15% compared with Sensex's 0.59% rise. The scrip had, however, underperformed the market in past one quarter, declining 0.5% as against Sensex's 5.18% rise.

The small-cap infra company has equity capital of Rs 22.60 crore. Face value per share is Rs 10.

On consolidated basis, RPP Infra Projects' net profit rose 11.1% to Rs 4.59 crore on 14.5% growth in net sales to Rs 75.17 crore in Q3 December 2014 over Q3 December 2013.

RPP Infra Projects is engaged in the business of infrastructure development such as highways, roads, bridges, civil construction works, irrigation and water supply projects and power plants.

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