Meanwhile, the BSE Sensex was down 51.55 points, or 0.26% at 19,950.

On BSE, 1.34 lakh shares were traded in the counter as against an average daily volume of 22,646 shares in the past one quarter.

The stock hit a high of Rs 86.35 and a low of Rs 82.05 so far during the day. The stock had hit a 52-week high of Rs 107 on 15 April 2010 and a 52-week low of Rs 60.65 on 24 February 2010.

The stock had risen 13.90% in two consecutive trading sessions to Rs 85.20 on 21 September 2010 from a recent low of Rs 74.80 on Friday, 17 September 2010.

The small-cap stock had underperformed the market over the past one month till 21 September 2010, rising 7.10% compared with the Sensex's return of 8.69%. It had outperformed the market in past one quarter, gaining 14.36% as against 11.89% rise in the Sensex.

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

PBA Infrastructure had spurted 12.18% to Rs 85.20 on 21 September 2010 on securing new orders aggregating Rs 178.25 crore from different players.

The contracts include construction of roads at Mihan project complex in Nagpur worth Rs 66.13 crore and implementation of bus rapid transit system in Ahmedabad worth Rs 58.37 crore, it said in a statement. The firm will also modernize border check posts at 22 locations in Maharashtra at a cost of Rs 22 crore for Sadbhav Engineering, it added.

The company has also won four more contracts worth Rs 31.75 crore from Sadbhav Engineering to modernize border check posts at various locations in Maharashtra, it added.

PBA Infrastructure's net profit fell 24.2% to Rs 3.26 crore on 20.3% decline in net sales to Rs 80.68 crore in Q1 June 2010 over Q1 June 2009.