Indian Hume Pipe Company rose 6.31% to Rs 359 at 11:15 IST on BSE after the company said it bagged a work order worth Rs 108.19 crore from the Gujarat government.
The announcement was made after market hours yesterday, 17 April 2018.Meanwhile, the S&P BSE Sensex was up 92.01 points, or 0.27% to 34,487.07.
On the BSE, 22,000 shares were traded in the counter so far compared with average daily volumes of 3,344 shares in the past two weeks. The stock had hit a high of Rs 368.70 and a low of Rs 355 so far during the day. The stock hit a record high of Rs 591 on 1 September 2017. The stock hit a 52-week low of Rs 285.80 on 26 March 2018.
Indian Hume Pipe Company has secured a work order of Rs 108.19 crore from Narmada Water Resources, Water Supply & Kalpsar Department, Gujarat for lift irrigation project for transmission 100 cusecs of water from Kherva to Visnagar.
Net profit of Indian Hume Pipe Company declined 17.53% to Rs 14.68 crore on 6.79% decline in net sales to Rs 356.09 crore in Q3 December 2017 over Q3 December 2016.
Indian Hume Pipe Company is engaged in the construction and maintenance of projects relating to water supply and sewerage systems, and pipe manufacturing.
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