Ahluwalia Contracts gains after company announced winning orders


Ahluwalia Contracts (India) rose 3.75% to Rs 287.50 at 10:33 IST on BSE after the company announced that it has secured new orders aggregating to about Rs 492.65 crore.The announcement was made after market hours on Friday, 13 May 2016.Meanwhile, the BSE Sensex was down 56.18 points, or 0.22%, to 25,433.39.On BSE, so far 1,822 shares were traded in the counter, compared with an average volume of 4,704 shares in the past one quarter. The stock hit a high of Rs 294.70 and a low of Rs 285.80 so far during the day. The stock hit a 52-week high of Rs 319.30 on 21 April 2016. The stock hit a 52-week low of Rs 189.20 on 16 June 2015. The stock had underperformed the market over the past one month till 13 May 2016, sliding 5.14% compared with 0.54% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 23.05% as against Sensex’s 10.89% rise.The small-cap company has an equity capital of Rs 13.40 crore. Face value per share is Rs 2.The company’s unexecuted order book as on date stands at Rs 4507 crore, Ahluwalia Contracts (India) said.Ahluwalia Contracts (India)’s net profit rose 46.2% to Rs 19.84 crore on 20% growth in net sales to Rs 319.73 crore in Q3 December 2015 over Q3 December 2014.Ahluwalia Contracts (India) is one of the leading civil contractors in India.

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