Ramky Infrastructure jumps 20% in 4 days

Meanwhile, the BSE Sensex was up 30.26 points or 0.15% at 19,744.50.

On BSE, 1.84 lakh shares were traded in the counter as against average daily volume of 36,569 shares in the past one quarter.

The stock hit a high of Rs 117.80 and a low of Rs 111.15 so far during the day. The stock had hit a 52-week high of Rs 255 on 2 February 2012. The stock had hit a record low of Rs 86.25 on 29 August 2012.

The stock had outperformed the market over the past one month till 2 January 2013, surging 14.34% compared with the Sensex's 1.94% rise. The scrip had also outperformed the market in past one quarter, jumping 6.16% as against Sensex's 4.73% gain.

The company has equity capital of Rs 57.20 crore. Face value per share is Rs 10.

Shares of Ramky Infrastructure have rallied 20.79% in four trading sessions from Rs 97.15 on 28 December 2012, after the company during trading hours on 31 December 2012 said it has achieved financial tie up for the debt syndication of Rs 1225 crore to execute the prestigious Agra Etawah road project in Uttar Pradesh.

Ramky Infrastruture said that an agreement was signed between Agra Etawah Tollways (AETL), a special purpose vehicle (SPV) formed to undertake the Agra Etawah road project and consortium of bankers, lead by Oriental Bank of Commerce and other participating lenders being Union Bank of India, Bank of India, India Infrastructure Finance Company, Central Bank of India, State Bank of Patiala, and Axis Bank on Saturday, 29 December 2012, Ramky Infra said in a statement.

Ramky Infrastructure was awarded a project by National Highways Authority of India (NHAI) to undertake six landing of Agra-Etawah bypass section of National Highway (NH)-2 under National Highways Development Project (NHDP) Phase V in Uttar Pradesh to be executed on build, operate, and transfer (BOT) on design, build, finance, operate, and transfer (DBFOT) pattern. The concession period for the project is 30 years, including the construction period of 910 days, Ramky said in a statement.

Ramky Infrastructure's consolidated net profit fell 19.3% to Rs 35.65 crore on 4.6% decline in net sales to Rs 722.03 crore in Q2 September 2012 over Q2 September 2011.

Ramky Infrastructure, the flagship company of Ramky Group, is an integrated construction and infrastructure development, and management company in India with strategic emphasis on the public-private-partnership (PPP) approach. The company is currently executing projects in various sectors viz. water and waste water, roads, bridges, buildings, irrigation, power transmission & distribution and industrial, with an order book value of around Rs 13000 crore across 23 states and two union territories in India and West Africa making it sectorally and geographically diversified player.

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