The company made this announcement during trading hours on Tuesday, 2 September 2008, when the stock spurted 19.96% to Rs 65.50.

Meanwhile, the BSE Sensex was down 167.04 points, or 1.11%, to 14,882.82.

On BSE 19,096 shares were traded in the counter. The stock had an average daily volume of 8,316 shares in the past one quarter.

The stock hit a high of Rs 70.30 and a low of Rs 68.50 so far during the day. The stock has 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 stock had outperformed the market over the past one month till 2 September 2008, gaining 15.22% as compared to the Sensex’s return of 2.68%. It had also outperformed the market in the past one quarter, declining 6.09% as compared to the Sensex’s decline of 6.31%.

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

The current price of Rs 70.30 discounts Q1 June 2008 annualized EPS of Rs 9.93, by a PE multiple of 7.08.

In July 2008, PBA Infrastructure bagged an order worth Rs 18.84 crore from Hindustan Petroleum Corporation.

In May 2008, the company 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 27.8% to Rs 3.35 crore on 15.8% fall in net sales to Rs 84.47 crore in Q1 June 2008 over Q1 June 2007.

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