Hot Pursuit     31-Aug-09
Supreme Infrastructure strikes 52-week high on new order win
Supreme Infrastructure India was locked at 10% upper circuit at Rs 96.30 at 13:55 IST on BSE, after the company bagged new orders aggregating Rs 236.31 crore.

The company announced the fresh orders during trading hours today, 31 August 2009.

Meanwhile, the BSE Sensex was down 264.70 points, or 1.66%, 15,657.64.

On BSE, 2.61 lakh shares were traded in the counter. The stock had an average daily volume of 20,366 shares in the past one quarter.

The stock hit a high of Rs 96.30 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 87.50 so far during the day. The stock hit a 52-week low of Rs 19.45 on 5 March 2009.

The small-cap stock had underperformed the market over the past one month till 28 August 2009, rising 0.92% as compared to the Sensex's return of 3.85%. It had outperformed the market in the past one quarter, gaining 33.26% as compared to the Sensex's return of 11.38%.

The company's current equity is Rs 13.88 crore. Face value per share is Rs 10.

The current price of Rs 96.30 discounts the company's Q1 June 2009 annualized EPS of Rs 24.87, by a PE multiple of 3.87.

The company has received new work orders worth Rs 236.31 crore from Ramprashta Promoters and Developers for construction of 15 multi-storeyed towers within 36 months.

Supreme Infrastructure India's net profit fell 8.8% to Rs 8.63 crore on 35.1% rise in net sales to Rs 105.90 crore in Q1 June 2009 over Q1 June 2008.

The company is engaged in construction services for infrastructure projects. Infrastructure projects include building roads, highways, rail over-bridges, fly-over, and tunnel-ways for various government, semi-government, private agencies and corporate houses. The company has two crushing plant, two asphalt plant, one ready mix concrete plant and one wet mix plant all of them are located in Mumbai.

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