SPML Infra surged 19.18% to Rs 66.50 at 11:26 IST on BSE after the company said it has secured three new orders worth Rs 800 crore.
The announcement was made during market hours today, 16 January 2017.Meanwhile, the S&P BSE Sensex was up 35.45 points or 0.13% at 27,273.51
On BSE, so far 3.75 lakh shares were traded in the counter as against average daily volume of 2,721 shares in the past one quarter. The stock hit a high of Rs 66.95 and a low of Rs 55.85 so far during the day.
The stock had hit a 52-week low of Rs 48.70 on 22 November 2016. The stock had hit a 52-week high of Rs 108.80 on 13 July 2016. The stock had outperformed the market over the past 30 days till 13 January 2017, rising 4.1% compared with the 2.71% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 14.81% as against Sensex's 1.57% decline.
The small-cap company has equity capital of Rs 7.33 crore. Face value per share is Rs 2.
SPML Infra said it has received several new orders for power substation, rooftop solar power plant, water and wastewater treatment, and municipal solid waste management projects from different states in India.
SPML Infra's net profit fell 84.21% to Rs 0.48 crore on 7.78% rise in net sales to Rs 302.84 crore in Q2 September 2016 over Q2 September 2015.
SPML Infra is one of the leading infrastructure development companies in India.
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