The company announced the order win after trading hours on Tuesday, 23 December 2008. Meanwhile, the BSE Sensex was down 88.93 points, or 0.92%, to 9,597.82. On BSE, 10,669 shares were traded in the counter. The stock had an average daily volume of 1.36 lakh shares in the past one quarter. The stock hit a high of Rs 71.90 and a low of Rs 70.70 so far during the day. The stock hit a 52-week high of Rs 191.40 on 28 December 2007 and a 52-week low of Rs 64 on 27 October 2008.
The mid-cap stock had underperformed the market over the past one month till 23 December 2008, falling 1.74% as compared to the Sensex's return of 8.65%. It had outperformed the market in the past one quarter, declining 28.59% as compared to the Sensex's decline of 28.62%.
The company's current equity is Rs 28.60 crore. Face value per share is Rs 2.
The current price of Rs 70.90 discounts the company's Q2 September 2008 annualized EPS of Rs 12.35, by a PE multiple of 5.74.
The company has bagged an order worth Rs 9.62 crore from Bharat Heavy Electrical (Bhel) for commissioning a boiler at one of its unit in Bhagalpur, Bihar.
Era Infra Engineering had in October 2008 bagged an order worth Rs 41.78 crore from Delhi Metro Rail Corporation.
Era Infra Engineering's net profit surged 44.3% to Rs 35.67 crore on 63.4% increase in net sales to Rs 418.96 crore in Q2 September 2008 over Q2 September 2007.
Era Infra Engineering builds industrial complexes, residential buildings, multiplexes, super malls, power projects and airports. The company is diversifying its revenue stream by entering into new segments such as irrigation and build operate and transfer (BOT) projects.
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