Punj Lloyd jumped 6.54% to Rs 40.75 at 9:50 IST on BSE after the company said it has secured EPC highway contract worth Rs 666 crore from the Ministry of Road Transport & Highways for 90.586 kilometers of the Asian Highway network.
The company made the announcement during market hours today, 18 November 2014.
Meanwhile, the S&P BSE Sensex was up 36.30 points or 0.13% at 28,214.18.
On BSE, so far 2.35 lakh shares were traded in the counter as against average daily volume of 5.15 lakh shares in the past one quarter.
The stock hit a high of Rs 41.40 and a low of Rs 39.50 so far during the day. The stock had hit a 52-week high of Rs 60.85 on 19 June 2014. The stock had hit a 52-week low of Rs 24.90 on 30 January 2014.
The mid-cap firm has an equity capital of Rs 66.42 crore. Face value per share is Rs 2.
The stock had outperformed the market over the past one month till 17 November 2014, gaining 9.13% compared with the Sensex's 7.93% rise. The scrip had, however, underperformed the market in past one quarter, rising 3.66% as against Sensex's 7.95% rise.
Asian Highway network is a cooperative project for improving transport facilities throughout 32 nations and providing road links to Europe. The project is scheduled for completion in 30 months. With this new order Group's order backlog stands at Rs 24021 crore. The order backlog is the value of unexecuted orders on 30 September 2014, plus new orders received after that date. Cumulative order booking during the year is Rs 10606 crore.
Punj Lloyd reported a net loss of Rs 263.51 crore in Q2 September 2014 compared with net profit of Rs 1.60 crore in Q2 September 2013. Total income declined 42.1% to Rs 1290.57 crore in Q2 September 2014 over Q2 September 2014
Punj Lloyd provides integrated design, engineering, procurement, construction and project management services in the energy and infrastructure sectors.
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