The company made this announcement after trading hours on Friday, 18 July 2008.

Meanwhile, the BSE Sensex was up 131.41 points, or 0.96%, to 13,766.81 on strong cues from Asian equities. Asian stocks rose sharply on Monday, 21 July 2008, as concerns about the global impact of a weak US financial sector eased after Citigroup, the largest US bank on Friday, 18 July 2008, reported a second-quarter loss of $2.5 billion, which was smaller than expected.

On BSE, 805 shares were traded in the counter. The scrip had an average daily volume of 22,058 shares in the past one quarter.

The stock hit a high of Rs 51.45 and a low of Rs 50.50 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 46 on 2 July 2008.

The small-cap company had underperformed the market over the past one month till 18 July 2008, declining 22.53% compared to the Sensex’s decline of 9.63%. It had also underperformed the market in the past one quarter, declining 33.18% compared to Sensex’s decline of 17.27%.

The company has an equity capital of Rs 13.50 crore. Face value per share is Rs 10.

The current price of Rs 51 discounts its Q4 March 2008 annualised EPS of Rs 7.26, by a PE multiple of 7.02.

In May 2008, PBA Infrastructure bagged an order worth Rs 12.83 crore from Brihanmumbai Mahanagarpalika, Mumbai.

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

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.