Supreme Infra surges after winning NHAI contract

Supreme Infrastructure India rose 7.57% to Rs 237.40 at 14:13 IST on BSE after the company said it bagged a Rs 207.15 crore contract from National Highways Authority of India.

The announcement was made during trading hours today, 7 April 2015.

Meanwhile, the BSE Sensex was down 113.48 points, or 0.40%, to 28,390.98.

On BSE, so far 20,000 shares were traded in the counter, compared with an average volume of 14,757 shares in the past one quarter.

The stock hit a high of Rs 240.50 and a low of Rs 221.50 so far during the day. The stock hit a record high of Rs 438.75 on 20 June 2014. The stock hit a 52-week low of Rs 172 on 23 March 2015.

The stock had underperformed the market over the past one month till 6 April 2015, falling 13.14% compared with 3.21% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 19.60% as against Sensex's 5.62% rise.

The small-cap company has an equity capital of Rs 25.70 crore. Face value per share is Rs 10.

Supreme Infrastructure India has bagged the engineering, procurement &construction (EPC) work of Rs 207.15 crore of National Highways Authority of India (NHAI). The EPC project consists of four-laning of Kharar-Kurali Section of national highway (NH)-21 in Punjab. The contract is the cash contract with the interest free advance payment from NHAI up to 10% of the contract price, the company said.

Supreme Infrastructure India's net profit fell 89% to Rs 3.53 crore on 33.9% decline in net sales to Rs 400.93 crore in Q3 December 2014 over Q3 December 2013.

Supreme Infrastructure India undertakes engineering works of unrestricted value with most of the government departments, public & private sector organisations.

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