Indian Hume Pipe Company rose 2.41% to Rs 339.50 at 11:47 IST on BSE after the company received an order worth Rs 147.36 crore for executing comprehensive water supply service improvements in Anantapuramu Municipal Corporation.
The announcement was made after trading hours yesterday, 14 March 2016.Meanwhile, the S&P BSE Sensex was down 148.46 points or 0.6% at 24,655.82
On BSE, so far 1,238 shares were traded in the counter as against average daily volume of 2,808 shares in the past one quarter. The stock hit a high of Rs 344.90 and a low of Rs 333.20 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 14 March 2016, rising 4.15% compared with the Sensex's 7.91% rise. The stock had also underperformed the market in past one quarter, sliding 21.89% as against Sensex's 1.38% fall.
The small-cap company has equity capital of Rs 4.84 crore. Face value per share is Rs 2.
Indian Hume Pipe Company said that the company has received letter of acceptance for executing comprehensive water supply service improvements in Anantapuramu Municipal Corporation (Package - I) under Andhra Pradesh Municipal Development Project (ADMDP) from Anantapuramu Municipal Corporation, Andhra Pradesh.
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.
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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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