RPP Infra Projects extends Wednesday's rally

RPP Infra Projects rose 3.46% to Rs 92.70 at 9:51 IST on BSE, with the stock extending Wednesday's rally triggered by the company securing an order worth Rs 89.47 crore in Tamil Nadu.

Meanwhile, the S&P BSE Sensex was up 33.55 points or 0.12% at 27,090.96.

On BSE, so far 25,000 shares were traded in the counter as against average daily volume of 30,000 shares in the past two weeks.

The stock hit a high of Rs 97 and a low of Rs 89.40 so far during the day. The stock had hit a record high of Rs 100 on 4 June 2014. The stock had hit a 52-week low of Rs 39 on 10 September 2013.

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 17.78% in two trading sessions from Rs 78.70 on 9 September 2014, after the company during market hours on Wednesday, 10 September 2014 said it has bagged an order worth Rs 89.47 crore in Tamil Nadu. The stock had rallied 13.85% to settle at Rs 89.60 on Wednesday, 10 September 2014.

RPP Infra Projects secured an order worth Rs 89.47 crore to construct scientific storage godowns in Tamil Nadu Civil Supply Corporation (TNCSC) campus at Thanjavur and Nagapattinam in Tamil Nadu.

On a consolidated basis, RPP Infra Projects' net profit fell 2.3% to Rs 2.98 crore on 25.4% decline in net sales to Rs 47.10 crore in Q1 June 2014 over Q1 June 2013.

RPP Infra Projects is engaged in the business of infrastructure development such as highways, roads, bridges, civil construction works, irrigation and water supply projects and power plants.

Powered by Capital Market - Live News