RPP Infra Projects rose 3.71% to Rs 132.70 at 11:18 IST on BSE after the company said it has successfully completed certain projects in Tamil Nadu.
The company made the announcement during market hours today, 9 October 2014.
Meanwhile, the S&P BSE Sensex was up 273.70 points or 1.04% at 26,520.49.
On BSE, so far 16,000 shares were traded in the counter as against average daily volume of 90,000 shares in the past two weeks.
The stock hit a high of Rs 135.55 so far during the day, which is a record high for the counter. The stock hit a low of Rs 128 so far during the day. The stock had hit a 52-week low of Rs 39.10 on 18 December 2013.
RPP Infra Projects said it has completed construction of road, storm water drainage and other miscellaneous works on western side of DAE plant site at Indira Gandhi Centre for Atomic Research, Kalpakkam (Phase-II), Tamil Nadu. The company also completed the construction of storm water drain in south B canal water shed at corporation of Chennai, Tamil Nadu.
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On a consolidated basis, RPP Infra Projects' net profit fell 2.3% to Rs 2.98 crore on 25.4% decline in net sales to Rs 47.10 crore in Q1 June 2014 over Q1 June 2013.
RPP Infra Projects is engaged in the business of infrastructure development such as highways, roads, bridges, civil construction works, irrigation and water supply projects and power plants.
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