Supreme Infra advances on securing new orders

Supreme Infrastructure India rose 2.72% to Rs 208 at 10:16 IST on BSE after the company said it has secured new orders worth Rs 1118 crore.

The company made the announcement on Saturday, 15 February 2014.

Meanwhile, the S&P BSE Sensex was up 60.51 points or 0.3% at 20,427.33

On BSE, so far 1,231 shares were traded in the counter as against average daily volume of 9,449 shares in the past one quarter.

The stock hit a high of Rs 212 and a low of Rs 204 so far during the day. The stock had hit a 52-week high of Rs 235.40 on 20 February 2013. The stock had hit a 52-week low of Rs 149 on 1 October 2013.

The stock had outperformed the market over the past one month till 14 February 2014, rising 1.76% compared with the Sensex's 3.17% fall. The scrip, however, underperformed the market in past one quarter, falling 7.66% as against Sensex's 0.16% decline.

The small-cap company has equity capital of Rs 20.09 crore. Face value per share is Rs 10.

Supreme Infrastructure India secured new orders worth Rs 68 crore in West India. In North India, the company received contracts aggregating Rs 887 crore. It has bagged orders worth Rs 163 crore in East India.

Supreme Infrastructure India's net profit fell 10.6% to Rs 32.10 crore on 10.2% growth in net sales to Rs 606.26 crore in Q3 December 2013 over Q3 December 2012.

Supreme Infrastructure India is one of the leading players in the infrastructure space, focusing on areas such as roads, bridges, power, water, railways, civil construction etc.

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