Meanwhile, the BSE Sensex was up 234.25 points, or 1.54% to 15,409.33.
On BSE, 15,000 shares were traded in the counter as against average daily volume of 84,171 shares in the past one quarter.
The stock hit a high of Rs 29.90 and a low of Rs 28.65 so far during the day. The stock had hit a 52-week low of Rs 22.40 on 25 November 2011. The stock had hit a 52-week high of Rs 108 on 6 January 2011.
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The stock has surged 7.17% in two trading sessions from Rs 27.20 on Monday, 19 December 2011, after the company said it has secured 2 contracts aggregating Rs 139.29 crore. The company announced the new orders after market hours on Monday, 19 December 2011.
The stock had underperformed the market over the past one month till 20 December 2011, falling 12.04% compared with Sensex's 7.31% decline. The scrip had also underperformed the market over the past one quarter, declining 42.94% as against Sensex's 11.25% fall.
The small-cap construction company has an equity capital of Rs 14.82 crore. Face value per share is Rs 2.
Unity Infraprojects said one of the two contracts is for the construction of second office building of National Highways Authority of India (NHAI) in New Delhi. The project value is Rs 51.09 crore. The other contract is for the construction of ECGC's corporate office and residential accommodations at ECGC's plot of land at Andheri East in Mumbai. This project is to be completed within a period of 24 months. The contract value is Rs 88.20 crore, Unity Infraprojects said in a statement.
Unity Infraprojects' net profit fell 4.3% to Rs 20.60 crore on 12.6% growth in net sales to Rs 389.65 crore in Q2 September 2011 over Q2 September 2010.
Unity Infraprojects is specialized in civil construction, transportation engineering and water supply/irrigation sectors projects.
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