Hot Pursuit     15-Mar-12
Supreme Infrastructure drops on profit taking after six-day 12.87% rally
Supreme Infrastructure India lost 1.98% to Rs 250.10 at 15:11 IST on BSE on profit taking after six-day 12.87% rally triggered by the company securing orders worth Rs 344.20 crore.

Meanwhile, the BSE Sensex was down 232.97 points, or 1.3% to 17,686.33.

On BSE, 26,000 shares were traded in the counter as against average daily volume of 17,393 shares in the past one quarter.

The stock hit a high of Rs 259.40 and a low of Rs 249 so far during the day. The stock had hit a 52-week low of Rs 152.50 on 15 December 2011. The stock had hit a 52-week high of Rs 296.90 on 27 July 2011.

The small-cap stock had outperformed the market over the past one month till 14 March 2012, rising 12.2% compared with the Sensex's 0.4% gain. The scrip had also outperformed the market in past one quarter, surging 54.22% as against Sensex's 12.83% gain.

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

The Supreme Infrastructure India stock had jumped 12.87% in six trading sessions to settle at Rs 255.15 on Wednesday, 14 March 2012, from Rs 226.05 on 5 March 2012, after the company announced during trading hours on 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 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 also said it has been declared as the lowest bidder (L1) for total orders worth Rs 274.49 crore in East 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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