Hot Pursuit     07-Mar-12
Supreme Infrastructure gains 4% in 2 days on new orders
Supreme Infrastructure India rose 1.4% to Rs 235.10 at 9:20 IST on BSE, with the stock extending Tuesday's 2.56% gain triggered by the company securing orders worth Rs 344.20 crore.

Meanwhile, the BSE Sensex was down 29.59 points, or 0.17% to 17,143.70.

On BSE, 1,515 shares were traded in the counter as against average daily volume of 14,352 shares in the past one quarter.

The stock hit a high of Rs 238 and a low of Rs 233 so far during the day. The stock had hit a 52-week high of Rs 296.90 on 27 July 2011. The stock had hit a 52-week low of Rs 152.50 on 15 December 2011.

The small-cap stock had outperformed the market over the past one month till 6 March 2012, gaining 3.69% as compared to the Sensex's 3.02% fall. The scrip had also outperformed the market in the past one quarter, surging 25.94% as against Sensex's 2.19% gain.

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

The Supreme Infrastructure India stock has gained 4% in two trading sessions from Rs 226.05 on Monday, 5 March 2012, after the company announced during trading hours on Tuesday, 6 March 2012, it has secured orders worth Rs 344.20 crore and also been declared as the lowest bidder for orders worth Rs 274.49 crore. The stock had risen 2.56% to settle at Rs 231.85 on Tuesday, 6 March 2012.

Supreme Infrastructure India said that it has been declared as the lowest bidder (L1) for total orders worth Rs 274.49 crore in East India zone. The company has secured total orders worth Rs 173.29 crore in North India zone and total orders valued at Rs 170.91 crore in West India zone.

Supreme Infrastructure India's net profit rose 32% to Rs 25.02 crore on 70.6% growth in net sales to Rs 409.89 crore in Q3 December 2011 over Q3 December 2010.

Supreme Infrastructure India is one of the leading players in the infrastructure space, focusing on areas such as roads, bridges, power, water, railways, civil construction etc.

Previous News
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 ( Corporate News - 22-Jan-15   09:31 )
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 ( Corporate News - 09-Jul-12   09:34 )
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