Meanwhile, the BSE Sensex was up 372.80 points, or 3.81%, to 10,160.86. On BSE, 4.30 lakh shares were traded in the counter. The stock had an average daily volume of 2.62 lakh shares in the past one quarter.
The stock hit a high of Rs 103.90 and a low of Rs 89.45 so far during the day. The stock has a 52-week high of Rs 575 on 7 January 2008 and a 52-week low of Rs 56.50 on 27 October 2008.
The company announced the results during trading hours on Friday, 31 October 2008, when the stock surged 6.68% to Rs 84.70. The stock has risen 26.07% from a recent low of Rs 79.40 on 29 October 2008, boosted by good quarterly performance.
The mid-cap stock had underperformed the market over the past one month till 31 October 2008, declining 63.93% as compared to the Sensex’s decline of 23.89%. It had also underperformed the market in the past one quarter, declining 71.92% as compared to the Sensex’s decline of 31.82%.
The company’s current equity is Rs 26.70 crore. Face value per share is Rs 2. The current price of Rs 100.10 discounts the company’s Q2 September 2008 annualized EPS of Rs 17.11, by a PE multiple of 5.85.
IVRCL Infrastructures & Projects’ net profit surged 62% to Rs 57.10 crore on 62.60% increase in net sales to Rs 1136.61 crore in Q2 September 2008 over Q2 September 2007.
On 7 October 2008, the company bagged an order worth Rs 499.23 crore for lift irrigation project in Andhra Pradesh.
IVRCL Infrastructures & Projects undertakes contracts to execute civil engineering works.
The stock hit a high of Rs 103.90 and a low of Rs 89.45 so far during the day. The stock has a 52-week high of Rs 575 on 7 January 2008 and a 52-week low of Rs 56.50 on 27 October 2008.
The company announced the results during trading hours on Friday, 31 October 2008, when the stock surged 6.68% to Rs 84.70. The stock has risen 26.07% from a recent low of Rs 79.40 on 29 October 2008, boosted by good quarterly performance.
The mid-cap stock had underperformed the market over the past one month till 31 October 2008, declining 63.93% as compared to the Sensex’s decline of 23.89%. It had also underperformed the market in the past one quarter, declining 71.92% as compared to the Sensex’s decline of 31.82%.
The company’s current equity is Rs 26.70 crore. Face value per share is Rs 2. The current price of Rs 100.10 discounts the company’s Q2 September 2008 annualized EPS of Rs 17.11, by a PE multiple of 5.85.
IVRCL Infrastructures & Projects’ net profit surged 62% to Rs 57.10 crore on 62.60% increase in net sales to Rs 1136.61 crore in Q2 September 2008 over Q2 September 2007.
On 7 October 2008, the company bagged an order worth Rs 499.23 crore for lift irrigation project in Andhra Pradesh.
IVRCL Infrastructures & Projects undertakes contracts to execute civil engineering works.
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