The company made this announcement after trading hours on Wednesday, 7 May 2008.

Meanwhile, the BSE Sensex was down 233.64 points, or 1.35%, to 17,105.67 on negative cues from global markets. US markets suffered sharp losses on Wednesday, 7 May 2008, on worries about inflation and higher interest rates as oil jumped to a record.

On BSE, 6,766 shares were traded in the counter. The scrip had an average daily volume of 28,420 shares in the past one quarter.

The stock hit a high of Rs 86.90 and a low of Rs 84.10 so far during the day. The stock had a 52-week high of Rs 177.20 on 1 January 2008 and a 52-week low of Rs 59.50 on 24 March 2008.

The small-cap scrip had outperformed the market over the past one month till 7 May 2008, gaining 27.40% compared to the Sensex’s return of 11.24%. It had underperformed the market in the past one quarter, declining 14.96% compared to Sensex’s decline of 1.07%.

The company’s current equity is Rs 13.50 crore. Face value per share is Rs 10.

The current price of Rs 85 discounts its Q4 March 2008 annualised EPS of Rs 7.26, by a PE multiple of 11.71.

In April 2008, PBA Infrastructure secured orders worth Rs 44.94 crore in Maharashtra and Gujarat.

In March 2008, the company bagged an order worth Rs 42.30 crore from Navi Mumbai Municipal Corporation for building flyovers and over bridges at Thane Belapur road.

In January 2008, the company bagged orders worth Rs 150.77 crore from Pimpri Chinchwad Municipal Corporation and Municipal Corporation of Greater Mumbai.

PBA Infrastructure’s net profit fell 7.2% to Rs 2.45 crore on 1.2% rise in net sales to Rs 100.18 crore in Q4 March 2008 over Q4 March 2007.

PBA Infrastructure is a construction company engaged in building roads, dams, runways and bridges.