RPP Infra Projects gains after bagging new order

RPP Infra Projects rose 3.32% to Rs 129.30 at 10:25 IST on BSE after the comoany said it bagged new order worth Rs 48.38 crore in Tamil Nadu.

The company made announcement during market hours today, 29 December 2014.

Meanwhile, the S&P BSE Sensex was up 236.61 points or 0.85% at 27,472.99.

On BSE, so far 10,889 shares were traded in the counter as against average daily volume of 33,012 shares in the past one quarter.

The stock hit a high of Rs 132.95 and a low of Rs 125.85 so far during the day. The stock hit a record high of Rs 165 on 25 November 2014. The stock hit a 52-week low of Rs 40.40 on 30 December 2013.

The stock had underperformed the market over the past one month till 26 December 2014, declining 8.52% compared with Sensex's 4.03% fall. The scrip had however outperformed the market in past one quarter, gaining 5.48% as against Sensex's 2.31% rise.

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

RPP Infra said it won order from Tamilnadu Water Supply & Drainage Board for providing water supply improvement scheme to Tindivanam Municipality in Villupuram District, Tamilnadu.

RPP Infra Projects' consolidated net profit fell 15.1% to Rs 4.12 crore on 1.7% rise in total income to Rs 61.75 crore in Q2 September 2014 over Q2 September 2013.

Powered by Capital Market - Live News