The announcement was made during market hours today, 28 September 2016.
Meanwhile, the BSE Sensex was up 3.26 points, or 0.01%, to 28,226.96.
On BSE, so far 8,040 shares were traded in the counter, compared with average daily volume of 10,905 shares in the past one quarter. The stock hit a high of Rs 312.05 and a low of Rs 295 so far during the day. The stock hit a 52-week high of Rs 336.20 on 6 September 2016. The stock hit a 52-week low of Rs 210 on 25 February 2016. The stock had underperformed the market over the past 30 days till 27 September 2016, falling 3.09% compared with 1.15% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 8.30% as against Sensex's 5.55% rise.
The small-cap company has equity capital of Rs 13.40 crore. Face value per share is Rs 2.
Ahluwalia Contracts (India) said that the total order inflow during the financial year ending March 2017 (FY 2017) stands at Rs 1360.98 crore.
Meanwhile, Ahluwalia Contracts (India) announced after market hours yesterday, 27 September 2016, that is received letter from Executive Engineer, Construction Division-2, Building Construction Department (B.C.D.) Patna, to stop construction of International Convention Centre (ICC) and Police Headquarter Bhawan, Patna as per order of National Green Tribunal (NGT), Eastern Zone Bench, Kolkata. The NGT has directed that Patna Master Plan was not yet approved and the approval of the master plan is mandatory requirement under the Ministry of Environment & Forests (MoEF) Notification in respect of constructions with built-up area of 20000 square meters or more. The said order shall be applicable to all construction activities in Patna and its adjacent areas where the city is proposed to be expanded. The company said it expects the matter to be resolved soon by the State Government.
Net profit of Ahluwalia Contracts (India) rose 14.46% to Rs 21.53 crore on 15.84% rise in net sales to Rs 305.80 crore in Q1 June 2016 over Q1 June 2015.
Ahluwalia Contracts (India) is one of the leading civil contractors in India.
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