Hot Pursuit     31-Mar-16
Ahluwalia Contracts (India) gains after new orders win
Ahluwalia Contracts (India) rose 1.5% to Rs 285 at 12:16 IST on BSE after the company secured orders aggregating to Rs 199.86 crore for construction of institutional building, including electrical, plumbing & firefighting services.
The announcement was made during market hours today, 31 March 2016.

Meanwhile, the S&P BSE Sensex was up 64.50 points or 0.25% at 25,403.08

On BSE, so far 3,243 shares were traded in the counter as against average daily volume of 19,485 shares in the past one quarter. The stock hit a high of Rs 288.10 and a low of Rs 275.70 so far during the day. The stock had hit a 52-week high of Rs 303 on 6 January 2016. The stock had hit a 52-week low of Rs 189.20 on 16 June 2015. The stock had outperformed the market over the past one month till 30 March 2016, rising 30% compared with 10.16% rise in the Sensex. The scrip also outperformed the market in past one quarter, rising 0.29% as against Sensex's 2.39% decline.

The small-cap company has equity capital of Rs 13.40 crore. Face value per share is Rs 2.

Of the new orders secured, Ahluwalia Contracts (India) bagged orders worth of Rs 115 crore for extension of construction work for Amity University campus Kolkata, worth Rs 49.86 crore for construction of school building for Anandilal & Ganesh Podar Society Mumbai, worth Rs 35 crore for extension of construction work for Bennett University Greater Noida.

The company is currently L1 in project valued around Rs 965 crore and the projects bided under pipeline are Rs 2500 crore, Ahluwalia Contracts (India) said. The total order inflow during the year ending 31 March 2016 stands at Rs 1534.04 crore. The company's unexecuted order book as on date stands at Rs 4025 crore, it added.

Ahluwalia Contracts (India)'s net profit rose 46.2% to Rs 19.84 crore on 20% growth in net sales to Rs 319.73 crore in Q3 December 2015 over Q3 December 2014.

Ahluwalia Contracts (India) is one of the leading civil contractors in India.

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