CapitalMarket.com - PBA Infrastructure builds on new order win
Hot Pursuit Monday, December 21, 2009 09:55 Hrs IST

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PBA Infrastructure builds on new order win

PBA Infrastructure jumped 8.50% to Rs 74 at 9:55 IST on BSE, after the company secured an order worth Rs 145.02 crore.

The company announced the new order win before trading hours today, 21 December 2009.

Meanwhile, the BSE Sensex was down 14.25 points, or 0.09%, to 16,705.58.

On BSE, 500 shares were traded in the counter as against an average daily volume of 30,801 shares in the past one quarter.

The stock hit a high of Rs 74 and a low of Rs 71 so far during the day. The stock had hit a 52-week high of Rs 84 on 8 September 2009 and a lifetime low of Rs 20.75 on 12 March 2009.

The small-cap stock had underperformed the market over the past one month till 18 December 2009, falling 4.55% as compared to the Sensex's 1.64% fall. It had also underperformed the market in the past one quarter, declining 7.27% as compared to the Sensex's decline of 0.13%.

The company's equity capital is Rs 13.50 crore. Face value per share is Rs 10.

The current price of Rs 74 discounts the company's Q2 September 2009 annualized EPS of Rs 12.09, by a PE multiple of 6.12.

The company has received the latest order from Oriental Structural Engineers for laying four lane roads in Nagpur bypass section in the sate of Maharashtra.

PBA Infrastructure's net profit jumped 325% to Rs 4.08 crore on 3.7% rise in net sales to Rs 77.83 crore in Q2 September 2009 over Q2 September 2008.

PBA Infrastructure is a construction company engaged in building roads, dams, runways and bridges.

Promoters have pledged 26.94 lakh shares representing 19.95% of the equity capital of the company. Total promoters shareholding in the company is 63.29% (as on 30 September 2009).

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