CapitalMarket.com - Supreme Infrastructure builds on new orders
Hot Pursuit Tuesday, March 06, 2012 15:16 Hrs IST

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Supreme Infrastructure builds on new orders

Supreme Infrastructure India rose 2.61% to Rs 231.95 at 15:13 IST on BSE after the company said it has secured orders worth Rs 344.20 crore and also been declared as the lowest bidder for orders worth Rs 274.49 crore.

The company made the announcement during trading hours today, 6 March 2012.

Meanwhile, the BSE Sensex was down 159.81 points, or 0.92% to 17,203.06.

On BSE, 19,000 shares were traded in the counter as against average daily volume of 14,271 shares in the past one quarter.

The stock hit a high of Rs 237.95 and a low of Rs 225.10 so far during the day. The stock had hit a 52-week high of Rs 296.90 on 27 July 2011. The stock had hit a 52-week low of Rs 152.50 on 15 December 2011.

The small-cap stock had underperformed the market over the past one month till 5 March 2012, falling 1.87%, compared with Sensex's 1.38% fall. The scrip had, however, outperformed the market in past one quarter, rising 22.79% as against Sensex's 3.32% gain.

The company has an equity capital of Rs 16.74 crore. Face value per share is Rs 10.

Supreme Infrastructure India said that it has been declared as the lowest bidder (L1) for total orders worth Rs 274.49 crore in East India zone. The company has secured total orders worth Rs 173.29 crore in North India zone and total orders valued at Rs 170.91 crore in West India zone.

Supreme Infrastructure India's net profit rose 32% to Rs 25.02 crore on 70.6% growth in net sales to Rs 409.89 crore in Q3 December 2011 over Q3 December 2010.

Supreme Infrastructure India is one of the leading players in the infrastructure space, focusing on areas such as roads, bridges, power, water, railways, civil construction etc.

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