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      RPP Infra projects jumps after securing order

      MoM Team / Mumbai, Aug 02, 2017 12:28 PM IST

        RPP Infra projects jumps after securing order

        RPP Infra projects surged 4 percent to Rs 259 at on BSE after the company said it has secured order worth Rs 50.7 crore.

        The announcement was made during market hours today, 2 August 2017.

        Meanwhile, the S&P BSE Sensex was down 22.64 points, or 0.07 percent at 32,552.53. The S&P BSE Small-Cap index was up 29.75 points, or 0.19 percent at 16,104.58.

        On the BSE, 28,000 shares were traded on the counter so far as against the average daily volumes of 1.79 lakh shares in the past one quarter. The stock had hit a high of Rs 260 and a low of Rs 247.70 so far during the day. The stock had hit a record high of Rs 362.20 on 10 February 2017 and a 52-week low of Rs 138.50 on 16 November 2016.

        The stock had underperformed the market over the past one month till 1 August 2017, advancing 3.54 percent compared with the Sensex's 5.35 percent rise. The scrip had also underperformed the market over the past one quarter declining 11.42 percent as against the Sensex's 8.88 percent rise. The scrip had, however, outperformed the market over the past one year advancing 39.63 percent as against the Sensex's 16.33 percent rise.

        The small-cap company has equity capital of Rs 22.60 crore. Face value per share is Rs 10.

        RPP Infra Projects bagged order from Karnataka State Police and Infrastructure Development Corporation (KSPH&IDCL) for construction of 192 numbers police quarters in Kolar city and 156 numbers police quarters in Mysore district under Police Gruha 2020 schemes worth Rs 50.7 crore. The work is to be completed within 16 months.

        RPP Infra Projects's consolidated net profit fell 4 percent to Rs 6.54 crore on 82 percent increase in net sales to Rs 117.59 crore in Q4 March 2017 over Q4 March 2016.

        RPP Infra Projects is engaged in the business of infrastructure development such as highways, roads, bridges, civil construction works, irrigation and water supply projects and power plant.


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      Source: Capital Market



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