Pratibha Industries jumps after winning order

Pratibha Industries rose 5.98% to Rs 41.65 at 10:06 IST on BSE after the company said it bagged order aggregating to Rs 1023.62 crore.

The announcement was made during trading hours today, 5 November 2015.

Meanwhile, the BSE Sensex was down 97.28 points, or 0.37%, to 26,455.64.

On BSE, so far 1.77 lakh shares were traded in the counter, compared with an average volume of 1.36 lakh shares in the past one quarter.

The stock hit a high of Rs 43 and a low of Rs 39 so far during the day. The stock hit a 52-week high of Rs 60 on 13 November 2014. The stock hit a 52-week low of Rs 32.95 on 8 September 2015.

The stock had outperformed the market over the past one month till 4 November 2015, rising 6.22% compared with 1.27% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 22.56% as against Sensex's 5.41% decline.

The small-cap company has an equity capital of Rs 20.21 crore. Face value per share is Rs 2.

Pratibha Industries said it secured a work order worth Rs 1023.62 crore from Rural Water Supply and Sanitation Department, Government of Telangana. The order is for providing drinking water to habitations in Karimnagar, Ramadugu, Manakondur, Husnabad and Huzurabad segment, including operation and maintenance for 10 years. The project is to be completed within 30 months from the date of commencement.

On consolidated basis, Pratibha Industries' net profit fell 16.2% to Rs 9.24 crore on 26.1% growth in net sales to Rs 870.94 crore in Q1 June 2015 over Q1 June 2014.

Pratibha Industries is engaged in the business of integrated infrastructure solutions.

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