Indian Hume Pipe Company rose 2.03% to Rs 337.20 at 11:08 IST on BSE after the company said it has secured a water supply contract worth Rs 145.15 crore in Alwar, Rajasthan from the government of Rajasthan.
The announcement was made after market hours on Friday, 11 March 2016.Meanwhile, the S&P BSE Sensex was up 146.56 points or 0.59% at 24,864.55.
On BSE, so far 958 shares were traded in the counter as against average daily volume of 2,787 shares in the past one quarter. The stock hit a high of Rs 348.50 and a low of Rs 337.20 so far during the day. The stock had hit a record high of Rs 455.90 on 1 December 2015. The stock had hit a 52-week low of Rs 245 on 27 March 2015. The stock had underperformed the market over the past one month till 11 March 2016, declining 0.57% compared with the Sensex's 7.7% rise. The stock had also underperformed the market in past one quarter, sliding 21.35% as against Sensex's 1.3% fall.
The small-cap company has equity capital of Rs 4.84 crore. Face value per share is Rs 2.
Indian Hume Pipe Company's net profit fell 49.4% to Rs 6.31 crore on 24.9% decline in net sales to Rs 198 crore in Q3 December 2015 over Q3 December 2014.
Indian Hume Pipe Company is engaged in the business of providing integrated water supply schemes including manufacturing, laying and jointing of pipelines of various pipe materials which provide infrastructure facility for development of water supply and irrigation projects.
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