Friday, April 4, 2008

Ahluwalia Contracts Builds On New Orders

The company made this announcement after trading hours on Thursday, 3 April 2008.

Meanwhile, the BSE Sensex was down 47.14 points, or 0.30%, to 15,785.41.

On BSE, 150 shares were traded in the counter. The scrip had an average daily volume of 67,143 shares in the past one quarter.

The stock hit a high of Rs 184.95 and a low of Rs 184.95 so far during the day. The stock had a 52-week high of Rs 400 on 20 December 2007 and a 52-week low of Rs 75.60 on 17 May 2007.

The mid-cap scrip had underperformed the market over the past one month till 3 April 2008, declining 19.31% compared to the Sensex’s fall of 4.29%. It had also underperformed the market in the past one quarter, declining 48.03% compared to Sensex’s decline of 23.47%.

The company’s current equity is Rs 12.55 crore. Face value per share is Rs 2.

The current price of Rs 184.95 discounts its Q3 December 2007 annualized EPS of Rs 6.99, by a PE multiple of 26.46.

In January 2008, Ahluwalia Contracts India bagged three contracts worth Rs 387 crore.

In December 2007, the company bagged two orders worth Rs 341 crore.

Ahluwalia Contracts India’s net profit rose 18% to Rs 10.97 crore on 18.7% growth in net sales to Rs 222.26 crore in Q3 December 2007 over Q3 December 2006.

The company is engaged in constructing wide range of structural buildings such as healthcare facilities, hotels, educational institutions, information technology parks, commercial complexes and malls, group housing projects and corporate office premises.

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