RPP Infra gains 5% in two sessions after new order win

RPP Infra Projects rose 2.84% to Rs 112.20 at 14:09 IST on BSE, with the stock extending Friday's gains triggered by the company securing a contract worth Rs 25.60 crore from National Highways Authority of India.

Meanwhile, the S&P BSE Sensex was down 91.71 points or 0.35% at 25,776.78.

On BSE, so far 1.40 lakh shares were traded in the counter as against average daily volume of 49,451 shares in the past one quarter.

The stock hit a high of Rs 114.70 and a low of Rs 109.10 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 84.90 on 7 September 2015.

The stock had underperformed the market over the past one month till 20 November 2015, sliding 8.01% compared with Sensex's 5.27% fall. The scrip had, however, outperformed the market in past one quarter, declining 6.11% as against Sensex's 6.3% fall.

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

Shares of RPP Infra Projects have risen 5.05% in two trading sessions from Rs 106.80 on 19 November 2015, after the company during market hours on Friday, 20 November 2015 said it has secured a contract worth Rs 25.60 crore from National Highways Authority of India (NHAI). The stock had risen 2.15% to settle at Rs 109.10 on Friday, 20 November 2015.

On consolidated basis, RPP Infra Projects' net profit rose 28.7% to Rs 5.33 crore on 52.6% growth in net sales to Rs 91.92 crore in Q2 September 2015 over Q2 September 2014.

RPP Infra Projects is in the field of infrastructure development such as roads, buildings, industrial structures, power, and irrigation.

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