Indian Hume Pipe Company rose 2.1% to Rs 417.95 at 13:32 IST on BSE after the company secured work order of Rs 109.64 crore from the Public Health Engineering Department of the Government of Rajasthan.
The announcement was made after market hours yesterday, 10 April 2017.Meanwhile, the BSE Sensex was up 204.12 points, or 0.69%, to 29,779.86. The BSE Small-Cap index was up 105.82 points, or 0.72%, to 14,881.85.
On BSE, so far 9,090 shares were traded in the counter, compared with average daily volume of 5,097 shares in the past one quarter. The stock hit a high of Rs 424 and a low of Rs 416.50 so far during the day. The stock hit a 52-week high of Rs 459 on 9 February 2017. The stock hit a 52-week low of Rs 160 on 11 April 2016.
The stock had outperformed the market over the past one month till 10 April 2017, rising 3.54% compared with 2.17% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 8.9% as against Sensex's 9.95% rise.
The small-cap company has equity capital of Rs 9.69 crore. Face value per share is Rs 2.
Indian Hume Pipe Company secured work order from Public Health Engineering Department, NCR Region, Alwar, Government of Rajasthan for execution of the work of re-organization of urban water supply scheme at Alwar and Bhiwadi towns. The project is to be completed within 24 months from signing of agreement.
Indian Hume Pipe Company's net profit rose 182.09% to Rs 17.80 crore on 105.30% rise in net sales to Rs 406.50 crore in Q3 December 2016 over Q3 December 2015.
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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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