SPML Infra hit an upper circuit limit of 10% at Rs 34.80 at 12:20 IST on BSE after the company said it received new orders worth Rs 721 crore.
Meanwhile, the BSE Sensex was down 40.95 points, or 0.19%, to 21,878.84.
On BSE, so far 1,093 shares were traded in the counter, compared with an average volume of 13,154 shares in the past one quarter.
The stock hit a low of Rs 30.55 in early trade. The stock hit a 52-week high of Rs 52.85 on 3 April 2013. The stock hit a 52-week low of Rs 22 on 31 July 2013.
The stock had outperformed the market over the past one month till 7 March 2014, rising 17.66% compared with the Sensex's 7.57% rise. The scrip had also outperformed the market in past one quarter, rising 15.93% as against Sensex's 4.40% rise.
The small-cap infrastructure development company has an equity capital of Rs 7.33 crore. Face value per share is Rs 2.
SPML Infra said it has received two separate orders aggregating Rs 721 crore from Bhavnagar Irrigation Project Division in Gujarat and from South Bihar Power Distribution Company in Patna.
The order from Bhavnagar Irrigation Project Division in Gujarat, worth Rs 594 crore, is for Water Supply Infrastructure development. The order from from South Bihar Power Distribution Company, worth Rs 127 crore, is for strengthening, improvement and augmentation of electricity distribution system in 11 towns in Bihar, the company said in a statement.
SPML Infra reported net loss of Rs 55.78 crore in Q3 December 2013 as against net profit of Rs 1.18 crore in Q3 December 2012. Net sales rose 2.75% to Rs 250.60 crore in Q3 December 2013 over Q3 December 2012.
SPML Infra has integrated its strength in basic and in-depth engineering, process technology, project management, procurement, fabrication & erection, construction and commissioning to offer distinct responsibility under strict delivery agendas.
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