You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Aksh Optifibre gains on new order win

Capital Market 

Aksh Optifibre rose 1.38% to Rs 14.70 at 10:34 IST on BSE after the company said it has been awarded a Rs 200 crore plus order for Package B of ambitious National Optic Fibre Network backbone project.

The company made this announcement after market hours on Thursday, 16 January 2014

Meanwhile, the BSE Sensex was down 52.30 points, or 0.25% at 21,212.88

On BSE, 9,686 shares were traded in the counter as against an average daily volume of 34,075 shares in the past one quarter.

The stock hit a high of Rs 15.30 and a low of Rs 14.50 so far during the day. The stock had hit a 52-week high of Rs 20.25 on 22 January 2013 and a 52-week low of Rs 13.20 on 23 December 2013.

The small-cap stock had underperformed the market over the past one month till 16 January 2014, falling 9.09% compared with the Sensex's 2.93% rise. The scrip also underperformed the market in past one quarter, sliding 3.01% as against Sensex's 3.49% rise.

The company has an equity capital of Rs 74.28 crore. Face value per share is Rs 5.

Aksh Optifibre said it has been awarded a Rs 200 crore plus order for Package B of ambitious National Optic Fibre Network (NOFN) backbone project. The project is aimed at providing connectivity to over 250,000 gram panchayats across the country for better e-governance, e-health services and educational services, Aksh Optifibre said.

Aksh Optifibre reported 9.4% fall in net profit to Rs 6.38 crore on 4.4% rise in net sales to Rs 65.86 crore in Q2 September 2013 over Q2 September 2012.

Powered by Capital Market - Live News

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, January 17 2014. 10:33 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU