Hot Pursuit     15-Feb-11
Supreme Infrastructure recovers after winning new orders
Supreme Infrastructure India was up 0.41% to Rs 210.60 at 14:45 IST on BSE, off the session's low of Rs 202, after the company secured three orders aggregating Rs 238.95 crore.

At the day's low of Rs 202, the stock had lost 3.7% before the company announced the new orders during trading hours.

Meanwhile, the BSE Sensex was up 132.47 points, or 0.73%, to 18,334.67.

On BSE, 45,635 shares were traded in the counter compared with the average daily volume of 8,318 shares in the past one quarter.

The stock hit a high of Rs 216 and a low of Rs 202 so far during the day. The stock had hit a lifetime high of Rs 319.80 on 20 August 2010 and a 52-week low of Rs 164.30 on 23 February 2010.

The small-cap stock had outperformed the market over the past one month till 14 February 2011, declining 2.24% compared with the Sensex's 3.49% fall. The stock had underperformed the market in past one quarter, falling 22.94% as against Sensex's decline of 9.70%.

The company has an equity capital of Rs 16.74 crore. Face value per share is Rs 10.

One of three orders valued at Rs 137.50 crore is for construction of multi storied high-rise towers for HEX City at Navi Mumbai. The project is to be executed by March 2013. The second order worth Rs 71.10 crore is for construction of dwelling units for DGMAP, Kolkata. The project is to be executed by December 2013. The third order worth Rs 30.35 crore is from Mahalaxmi TMT for laying and construction of foundation for the steel plant at Jalna-Wardha.

With these latest orders, the company's total outstanding order book position is approximately Rs 3035 crore, including lowest bidding (L1) orders, which is 5.69 times its sales of Rs 533.26 crore for the year ended March 2010, giving strong revenue visibility.

Supreme Infrastructure India's net profit surged 65.3% to Rs 18.96 crore on 68.3% rise in net sales to Rs 240.29 crore in Q3 December 2010 over Q3 December 2009. The company declared its results on Saturday, 12 February 2011.

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