RPP Infra Projects jumps after winning new order

RPP Infra Projects rose 3.09% to Rs 133.40 at 10:34 IST on BSE after the company said it bagged an order from Karnataka Neeravari Nigam worth Rs 112.20 crore.

The announcement was made during trading hours today, 5 February 2016.

Meanwhile, the BSE Sensex was up 230.09 points, or 0.95%, to 24,568.52.

On BSE, so far 34,000 shares were traded in the counter, compared with an average volume of 89,976 shares in the past one quarter. The stock hit a high of Rs 134.90 and a low of Rs 130.80 so far during the day. The stock hit a 52-week high of Rs 167.90 on 11 February 2015. The stock hit a 52-week low of Rs 84.90 on 7 September 2015. The stock had outperformed the market over the past one month till 4 February 2016, rising 23% compared with 5.01% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 17.10% as against Sensex's 8.34% fall.

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

RPP Infra Projects said it bagged an order in joint venture with Ramalingain Construction Company, from Karnataka Neeravari Nigam, a Government of Karnataka Enterprise, for modernisation of Gondi Main Canal and distributaries in Shimoga District of Karnataka, amounting to Rs 112.20 crore.

The current order book of the company stands at Rs 754.41 crore which is to be executed till financial year ending March 2018.

On a consolidated basis, RPP Infra Projects' net profit rose 28.74% to Rs 5.33 crore on 52.56% rise in net sales to Rs 91.92 crore in Q2 September 2015 over Q2 September 2014.

RPP Infra Projects is engaged in business of infrastructure development such as highway roads, bridges, civil construction works, irrigation & water supply projects & power plant.

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