Hot Pursuit     16-Jun-10
New order catapults PBA Infrastructure
PBA Infrastructure rose 2.94% to Rs 77.05 at 12:09 IST after the company received a Rs 14.33-crore road construction contract in Nagpur.

The announcement was made during trading hours today, 16 June 2010.

Meanwhile, the BSE Sensex was up 80.02 points, or 0.46%, to 17,492.85.

On BSE, 47,000 shares were traded in the counter as against an average daily volume of 98,058 shares in the past one quarter.

The stock hit a high of Rs 78.50 and a low of Rs 74.15 so far during the day. The stock had hit a 52-week high of Rs 107 on 15 April 2010 and a 52-week low of Rs 46 on 13 July 2009.

The stock had underperformed the market over the past one month till 15 June 2010, falling 9.33% compared with the Sensex's 2.46% rise. It outperformed the market in past one quarter, rising 8.09% as against 1.44% gain in the Sensex.

The small-cap construction company has an equity capital of Rs 13.50 crore. Face value per share is Rs 10.

PBA Infrastructure's net profit declined 40.9% to Rs 1.30 crore on 9.5% fall in net sales to Rs 94.86 crore in Q4 March 2010 over Q4 March 2009.

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