Simplex Infra advances after new order win

Simplex Infrastructures surged 7.56% to Rs 561.35 at 14:12 IST on BSE after the company received an order from NBCC (India) for Rs 524 crore for construction of institutional buildings at Bhubaneswar, Orissa.

The announcement was made during market hours today, 21 November 2017.

Meanwhile, the S&P BSE Sensex was up 220.03 points, or 0.66% at 33,579.93. The S&P BSE Small-Cap index was up 123.15 points, or 0.69% at 17,870.36.

On the BSE, 69,000 shares were traded on the counter so far as against the average daily volumes of 4,846 shares in the past one quarter. The stock had hit a high of Rs 594.80 and a low of Rs 555.05 so far during the day. The stock had hit a 52-week high of Rs 590 on 13 June 2017 and a 52-week low of Rs 260 on 27 December 2016.

The stock had underperformed the market over the past 30 days till 20 November 2017, rising 0.56% compared with 2.99% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 11.42% as against Sensex's 6.61% rise. The scrip also outperformed the market in past one year, surging 50.12% as against Sensex's 29.48% rise.

The small-cap company has equity capital of Rs 9.89 crore. Face value per share is Rs 2.

Simplex Infrastructures net profit spurted 55.66% to Rs 27.77 crore on 1.39% fall in net sales to Rs 1246.04 crore in Q2 September 2017 over Q2 September 2016.

Simplex Infrastructures is a diversified company executing projects in several sectors like transport, energy and power, mining, buildings, marine, real estate etc.

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