Ahluwalia Contracts (India) gained 1.99% to Rs 292.50 at 11:30 IST on BSE after the company said that it secured new orders aggregating around Rs 472.81 crore.
The announcement was made during market hours today, 25 July 2016.Meanwhile, the S&P BSE Senses was up 67.75 points or 0.23% at 27,867.52.
High volume was witnessed on the counter. On BSE, so far 8,541 shares were traded in the counter as against average daily volume of 2,699 shares in the past one quarter. The stock hit a high of Rs 301 and a low of Rs 292 so far during the day. The stock had hit a 52-week high of Rs 319.30 on 21 April 2016. The stock had hit a 52-week low of Rs 210 on 25 February 2016. The stock had outperformed the market over the past one month till 22 July 2016, gaining 4.17% compared with Sensex's 3.88% rise. The scrip had, however, underperformed the market in past one quarter, dropping 4.31% as against Sensex's 7.61% rise.
The mid-cap company has equity capital of Rs 13.40 crore. Face value per share is Rs 2.
Ahluwalia Contracts (India) said that orders are for construction of institutional, hospital and residential building including electrical, plumbing and firefighting services. The total order inflow during the year ending 31 March 2017 (FY 2017) stands at Rs 965.46 crore, it added.
The latest orders include construction of residential complex for National Cancer Institute at Jhajjar Haryana worth Rs 313 crore, construction of Regional Center for National Security Guard at Kolkata worth Rs 115.60 crore and civil, finishing and plumbing works for Tata Medical Centre at Kolkata worth Rs 44.21 crore.
Ahluwalia Contracts (India)'s net profit rose 53.2% to Rs 26.71 crore on 22.1% rise in net sales to Rs 382.93 crore in Q4 March 2016 over Q4 March 2015.
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Ahluwalia Contracts (India) is one of the leading civil contractors in India.
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