Shriram EPC rose 9.85% to Rs 26.20 at 10:24 IST on BSE after the company said it bagged a Rs 61 crore contract for a water supply scheme in Bengaluru.
The announcement was made after market hours yesterday, 17 October 2016.Meanwhile, the BSE Sensex was up 213.05 points, or 0.77%, to 27,743.02.
On BSE, so far 1.25 lakh shares were traded in the counter, compared with average daily volume of 40,901 shares in the past one quarter. The stock hit a high of Rs 27.20 and a low of Rs 25.90 so far during the day. The stock hit a 52-week high of Rs 38.55 on 6 January 2016. The stock hit a record low of Rs 19 on 8 June 2016. The stock had outperformed the market over the past 30 days till 17 October 2016, rising 5.30% compared with 3.74% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 0.21% as against Sensex's 0.93% decline.
The small-cap company has equity capital of Rs 330.63 crore. Face value per share is Rs 10.
Shriram EPC announced that it has been awarded contract of over Rs 61 crore from K.U.W.S. & D. Board (KUWSD), Bengaluru for providing water supply scheme to Robertsonpet (KGF) City under AMRUT. Scope of work includes providing water supply scheme to Robertsonpet (KGF) City under AMRUT. The project is to be executed over a period of 36 months.
Shriram EPC reported net loss of Rs 41.84 crore in Q1 June 2016, higher than net loss of Rs 2.79 crore in Q1 June 2015. Net sales declined 37.6% to Rs 94.45 crore in Q1 June 2016 over Q1 June 2015.
Shriram EPC offers design, engineering, procurement, construction and project management services for infrastructure projects.
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