Hot Pursuit     09-Jun-17
GPT Infraprojects rises after winning order
GPT Infraprojects rose 1.75% to Rs 270.95 at 10:49 IST on BSE after the company announced that it bagged an order worth Rs 210 crore.
The announcement was made during trading hours today, 9 June 2017.

Meanwhile, the S&P BSE Sensex was down 40.31 points, or 0.13% to 31,173.05.

On the BSE, 5393 shares were traded in the counter so far, compared with average daily volumes of 9,676 shares in the past one quarter. The stock had hit a high of Rs 277.30 and a low of Rs 268 so far during the day. The stock hit a record high of Rs 299.85 on 3 October 2016. The stock hit a 52-week low of Rs 192.05 on 21 November 2016.

The stock had outperformed the market over the past one month till 8 June 2017, rising 10.41% compared with 3.19% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 10.96% as against Sensex's 7.83% rise. The scrip had also outperformed the market in past one year, rising 15.76% as against Sensex's 16.63% rise.

The small-cap company has equity capital of Rs 14.54 crore. Face value per share is Rs 10.

GPT Infraprojects said that the order is for construction of ROB (road over bridge) and its approaches in lieu of level crossing on National Highway (NH)-60 and construction of ROB and its approaches in lieu of unmanned level crossings on NH-60 in West Bengal. The order was awarded by the Office of the Superintending Engineer, Public Works (Roads) Directorate, Government of West Bengal. The order is to be completed within 24 months.

On a consolidated basis, net profit of GPT Infraprojects rose 33.33% to Rs 4.44 crore on 16.31% decline in net sales to Rs 148.33 crore in Q4 March 2017 over Q4 March 2016.

GPT Infraprojects is a premier infrastructure company based out of Kolkata. It operates through two business divisions – infrastructure and sleepers. In sleepers, the company manufactures and supplies concrete sleeper for Railways in India and Africa.

The company has current orders in hand of nearly Rs 2033 crore including cumulative order inflow of Rs 473 crore in the current financial year.

Previous News
  Sensex, Nifty hit new life highs; bank shares rally for 5th day
 ( Market Commentary - Mid-Session 18-Sep-24   11:32 )
  GPT Infra bags construction contract from South Eastern Railway
 ( Hot Pursuit - 18-Sep-24   11:13 )
  GPT Infraprojects wins Rs 204 cr project of South Eastern Railway
 ( Corporate News - 17-Sep-24   19:49 )
  GPT Infra gains on emerging L-1 bidder for Rs 204-cr order
 ( Hot Pursuit - 02-Sep-24   09:39 )
  GPT Infra emerges as L-1 bidder for Rs 204-cr order
 ( Hot Pursuit - 31-Aug-24   15:40 )
  GPT Infraprojects successfully bids for Rs 204 cr South Eastern Railway's project
 ( Corporate News - 31-Aug-24   11:04 )
  GPT Infra gains on launching QIP; floor price at Rs 183.83 /share
 ( Hot Pursuit - 27-Aug-24   10:00 )
  Indices nudge lower in early trade; breadth strong
 ( Market Commentary - Mid-Session 27-Aug-24   09:39 )
  GPT Infraprojects consolidated net profit rises 26.81% in the June 2024 quarter
 ( Results - Announcements 31-Jul-24   15:14 )
  GPT Infraprojects to hold board meeting
 ( Corporate News - 25-Jul-24   10:20 )
  GPT Infra announces increase of Rs 103 cr in value of existing contracts
 ( Corporate News - 19-Jul-24   10:47 )
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