PBA Infrastructure gains after winning highway order

PBA Infrastructure rose 1.18% to Rs 21.45 at 15:11 IST on BSE after the company in joint venture bagged project worth Rs 157.75 crore.

Meanwhile, the BSE Sensex was down 157.20 points, or 0.61% to 25,423.14

On BSE, so far 7.01 lakh shares were traded in the counter as against average daily volume of 45,543 shares in the past one quarter. The stock hit a high of Rs 23.30 and a low of Rs 20.05 so far during the day. The stock had hit a 52-week high of Rs 29 on 3 February 2015. The stock had hit a 52-week low of Rs 10 on 25 August 2015. The stock had outperformed the market over the past one month till 5 January 2016, rising 36.07% compared with 0.23% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 83.71% as against Sensex's 4.50% fall.

The small-cap construction company has an equity capital of Rs 13.50 crore. Face value per share is Rs 10.

PBA Infrastructure during trading hours today, 6 January 2016 said that the company in joint venture has bagged an order for widening and strengthening of existing highway in Nashik district of Maharashtra through an engineering, procurement and construction (EPC) contract - Letter of Award (LoA).

PBA Infrastructure reported net loss of Rs 4.24 crore in Q2 September 2015, higher than net loss of Rs 2.85 crore in Q2 September 2014. Net sales fell 6.7% to Rs 28.01 crore in Q2 September 2015 over Q2 September 2014.

PBA Infrastructure is engaged in execution of civil engineering projects and specializes in construction of highways, dams, runways and heavy RCC structures, bridges and other infrastructure projects.

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