Supreme Infra surges on securing new orders

Supreme Infrastructure India rose 4.66% to Rs 164.95 at 14:24 IST on BSE after the company said it has secured new orders worth Rs 1111.9 crore.

The company announced the new orders during trading hours today, 6 August 2013.

Meanwhile, the S&P BSE Sensex was down 369.93 points or 1.93% at 18,812.33.

On BSE, 2,859 shares were traded in the counter as against average daily volume of 1,060 shares in the past one quarter.

The stock hit a high of Rs 169.80 and a low of Rs 155.50 so far during the day. The stock had hit a 52-week high of Rs 324 on 10 October 2012. The stock had hit a 52-week low of Rs 155 on 2 August 2013.

The stock had underperformed the market over the past one month till 5 August 2013, sliding 20.6% compared with the Sensex's 1.61% fall. The scrip had also underperformed the market in past one quarter, declining 23.64% as against Sensex's 2.01% fall.

The small-cap company has equity capital of Rs 16.74 crore. Face value per share is Rs 10.

Supreme Infrastructure India secured new orders worth Rs 295.40 crore in West India. In North India, the company received contracts aggregating Rs 509.50 crore. It has bagged orders worth Rs 307 crore in East India.

Supreme Infrastructure India's net profit rose 8.5% to Rs 28.47 crore on 28.7% growth in net sales to Rs 653.38 crore in Q4 March 2013 over Q4 March 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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