Hot Pursuit     09-Mar-12
Supreme Infrastructure surges 7% in 3 days on new orders
Supreme Infrastructure India rose 2.35% to Rs 242 at 11:26 IST on BSE, with the stock extending two-day 4.6% gain triggered by the company securing orders worth Rs 344.20 crore.

Meanwhile, the BSE Sensex was up 314.01 points, or 1.83% to 17,459.53.

On BSE, 9,977 shares were traded in the counter as against average daily volume of 14,473 shares in the past one quarter.

The stock hit a high of Rs 247.85 and a low of Rs 239.95 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 7 March 2012, rising 6.82% compared with Sensex's 2.71% fall. The scrip had also outperformed the market over the past one quarter, surging 28.89% as against Sensex's 1.59% 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 surged 7.05% in three trading sessions from Rs 226.05 on 5 March 2012, after the company announced during trading hours on 6 March 2012, that it has secured orders worth Rs 344.20 crore and also been declared as the lowest bidder for orders worth Rs 274.49 crore.

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.

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  Supreme Infrastructure surges 7% in 3 days on new orders
 ( Hot Pursuit - 09-Mar-12   11:28 )
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 ( Corporate News - 06-Feb-15   11:01 )
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 ( Analyst Meet / AGM - Conference Call 18-Feb-11   11:54 )
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