RPP Infra gains after new order win

RPP Infra Projects rose 0.74% to Rs 109.20 at 14:09 IST on BSE, after the company secured an order from Karnataka State Police Housing & Infrastructure Development Corporation for construction of police quarters in Dharwad district.

Meanwhile, the S&P BSE Sensex was down 163.84 points or 0.64% at 25,416.50

On BSE, so far 3.55 lakh shares were traded in the counter as against average daily volume of 51,781 shares in the past one quarter. The stock hit a high of Rs 113.50 and a low of Rs 108.60 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 5 January 2016, falling 0.82% compared with 0.23% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 4.58% as against Sensex's 4.50% fall.

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

RPP Infra Projects secured an order from Karnataka State Police Housing & Infrastructure Development Corporation for construction of 212 numbers of police quarters in Dharwad district under Police Gruha 2020 scheme for Rs 30.50 crore. The work is to be completed within 20 months, RPP Infra Projects said.

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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