Meanwhile, the BSE Sensex was up 173.15 points, or 1.1% to 15,911.85.

On BSE, 204 shares were traded in the counter as against average daily volume of 1,706 shares in the past one quarter.

The stock hit a high of Rs 109.50 and a low of Rs 102.20 so far during the day. The stock had hit a record low of Rs 93.10 on 19 December 2011. The stock had hit a 52-week high of Rs 217 on 4 January 2011.

The stock has risen 3.87% in two trading sessions from Rs 102 on Thursday, 22 December 2011, after the company announced after market hours on Thursday, 22 December 2011 that it has secured five orders aggregating Rs 315.80 crore across various segments.

The small-cap stock had underperformed the market over the past one month till 23 December 2011, falling 4.63% compared with the Sensex's 0.25% rise. The scrip had also underperformed the market in past one quarter, declining 18.1% as against 2.62% fall in the Sensex.

The company has an equity capital of Rs 17.51 crore. Face value per share is Rs 10.

MBL Infrastructures said that one of the latest contracts involves the construction of approaches to rail-cum-road bridge across river Ganga at Digha Ghat near Patna in Bihar. The project awarded by National Highways Authority of India (NHAI) is worth Rs 211.10 crore.

The second contract is for the construction of group housing residential apartments namely "NBCC Town" on Delhi-Saharanpur highway in Uttar Pradesh, awarded by NBCC. The project is worth Rs 34.86 crore.

The third contract is for the construction of 80 units of multi storey (B+S+10) Type-V flats for railway officers and allied works near Safdarjung railway station in Chankyapuri area, New Delhi, awarded by Rail Vikas Nigam. The project is worth Rs 32.29 crore.

The fourth contract is for the construction of railways over bridge (ROB) at Badkhal Chowk, Faridabad and all other works contingent thereto, awarded by HUDA, Faridabad. The contract is worth Rs 19.12 crore.

The fifth contract is for the construction of approaches of 2 lane ROB at railway level crossing No. 27-B on Delhi Ambala railway line, crossing Sonepat Gohana road in Sonepat district, awarded by PWD, Haryana. The project is worth Rs 18.41 crore.

On a consolidated basis, MBL Infrastructures' net profit rose 1.8% to Rs 7.99 crore on 25.3% growth in net sales to Rs 154.03 crore in Q2 September 2011 over Q2 September 2010.

MBL Infrastructures undertakes civil engineering projects, with specialization in roads and highways.