New orders boost Ahluwalia Contracts (India)

Ahluwalia Contracts (India) rose 1.38% to Rs 271 at 14:27 IST on BSE after the company said it has secured new orders aggregating to Rs 220.47 crore.

The company announced the new orders during market hours today, 5 October 2015.

Meanwhile, the S&P BSE Sensex was up 541.93 points or 2.07% at 26,762.88.

On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 28,178 shares in the past one quarter.

The stock hit a high of Rs 276 and a low of Rs 268.50 so far during the day. The stock had hit a 52-week high of Rs 300 on 19 August 2015. The stock had hit a 52-week low of Rs 141.55 on 28 October 2014.

The stock had outperformed the market over the past one month till 1 October 2015, gaining 14.08% compared with Sensex's 2.04% rise. The scrip had also outperformed the market in past one quarter, surging 18.96% as against Sensex's 6.42% fall.

The small-cap company has equity capital of Rs 13.40 crore. Face value per share is Rs 2.

Ahluwalia Contracts (India) said that it is currently the L1 in project valued at about Rs 412 crore & the projects bidded under pipeline are about Rs 1800 crore.

The total order inflow during FY 2016 stands at Rs 1214.48 crore and the company's current order book is about Rs 4300 crore.

According to Shobhit Uppal, Dy. Managing Director of Ahluwalia Contracts (India), the company is gaining orders regularly during the current fiscal year due to which order book reached Rs 4300 crore. The main focus of the company would be on speedy execution and timely delivery of project.

Ahluwalia Contracts (India)'s net profit rose 11.4% to Rs 18.81 crore on 10.6% growth in net sales to Rs 263.99 crore in Q1 June 2015 over Q1 June 2014.

Ahluwalia Contracts (India) is one of the leading civil contractors in India.

Powered by Capital Market - Live News