MBL Infrastructures jumped 4.38% to Rs 122.65 at 11:30 IST on BSE after the company said it bagged five orders worth Rs 502.28 crore.
The company made the announcement after market hours on Thursday, 23 January 2014.
Meanwhile, the BSE Sensex was down 214.71 points, or 1%, to 21,158.95.
On BSE, so far 5,685 shares were traded in the counter, compared with an average volume of 38,346 shares in the past one quarter.
The stock hit a high of Rs 125.55 and a low of Rs 119.80 so far during the day. The stock hit a record low of Rs 55.70 on 30 October 2013. The stock hit a 52-week high of Rs 207 on 24 January 2013.
The stock had outperformed the market over the past one month till 23 January 2014, rising 51.91% compared with the Sensex's 1.29% rise. The scrip had outperformed the market in past one quarter, rising 81.47% as against Sensex's 2.92% rise.
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The small-cap company has an equity capital of Rs 17.51 crore. Face value per share is Rs 10.
MBL Infrastructures (MBL) said it won a road development contract in West Bengal from West Bengal Highway Development Corporation (WBHDC), worth Rs 318.46 crore.
It won another order worth Rs 92.90 crore from a civil authority in Haryana to construct various buildings I/C residences of National Law University in Rajiv Gandhi Education city in Sonepat District, Haryana.
MBL also bagged an order worth Rs 58.66 crore to construct a permanent modern bus terminus at G.T. Road near ESI Hospital with multi storied commercial complex from Hooghly River Bridge Commissioners (HRBC).
The company won an order worth Rs 19.01 crore from Naya Raipur Development Authority (NRDA) to construct Panchayat and Rural Development Department Building in Naya Raipur.
Further, MBL bagged an order worth Rs 13.25 crore from National Buildings Construction Corporation (NBCC) to construct Director/Dean bunglow, QIP Centre and accommodation for group 'A' officer and gate complex for School of Planning and Architecture (SPA), Bhopal (M.P.).
On a consolidated basis, MBL Infrastructures' net profit fell 31.7% to Rs 8.63 crore on 66.4% increase in net sales to Rs 304.34 crore in Q2 September 2013 over Q2 September 2012.
MBL Infrastructures is engaged in execution of civil engineering projects. The company has an integrated business model for engineering, procurement and construction (EPC) and build-operate-transfer (BOT) projects.
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