J Kumar Infraprojects has rallied 9% to Rs 262 after the company announced that it has bagged orders worth Rs 468 crore from various authorities.
“The orders include a Rs 205 crore contract for W266 concreting of various roads in Western suburbs. It received an order amounting to Rs 109 crore for design and construction flyover grade separator with allied work, including shifting of utilities at KSB Chowk,” J Kumar Infraprojects said in a statement.
Meanwhile, the infrastructure company has reported a 35% year-on-year (yoy) jump in net profit to Rs 31 crore for the quarter ended March 2014 from Rs 23 crore in the corresponding quarter last fiscal. Net sales from operations increased 45% to Rs 450 crore on yoy basis.
The stock opened at Rs 255 and hit a 52-week high of Rs 265 on the NSE. A combined 700,820 shares changed hands on the counter till 1035 hours on the NSE and BSE.
“The orders include a Rs 205 crore contract for W266 concreting of various roads in Western suburbs. It received an order amounting to Rs 109 crore for design and construction flyover grade separator with allied work, including shifting of utilities at KSB Chowk,” J Kumar Infraprojects said in a statement.
Meanwhile, the infrastructure company has reported a 35% year-on-year (yoy) jump in net profit to Rs 31 crore for the quarter ended March 2014 from Rs 23 crore in the corresponding quarter last fiscal. Net sales from operations increased 45% to Rs 450 crore on yoy basis.
The stock opened at Rs 255 and hit a 52-week high of Rs 265 on the NSE. A combined 700,820 shares changed hands on the counter till 1035 hours on the NSE and BSE.
