SPML Infra spurts after winning new orders

SPML Infra rose 11.83% to Rs 62.40 at 11:55 IST on BSE after the company said it secured new orders worth Rs 800 crore.

The announcement was made during trading hours today, 16 January 2017.

Meanwhile, the BSE Sensex was up 32.37 points, or 0.12%, to 27,270.43.

On the BSE, so far 5.08 lakh shares were traded in the counter, compared with average daily volumes of 2,721 shares in the past one quarter. The stock had hit a high of Rs 66.95 and a low of Rs 55.85 so far during the day.

The stock hit a 52-week high of Rs 108.80 on 13 July 2016. The stock hit a 52-week low of Rs 48.70 on 22 November 2016. The stock had outperformed the market over the past 30 days till 13 January 2017, rising 4.10% compared with the 2.71% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 14.81% as against Sensex's 1.57% decline.

The small-cap company has equity capital of Rs 7.33 crore. Face value per share is Rs 2.

SPML Infra said it received several new orders for power substation, rooftop solar power plant, water & waste-water treatment, and municipal solid waste management projects from different states in India.

Net profit of SPML Infra declined 84.2% to Rs 0.48 crore on 7.8% rise in net sales to Rs 302.84 crore in Q2 September 2016 over Q2 September 2015.

SPML Infra is an infrastructure development company of India.

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