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Pratibha Industries strengthens on bagging work order worth Rs 376.07 crore

23 Sep 2015 Evaluate

Pratibha Industries is currently trading at Rs 34.80, up by 0.70 points or 2.05% from its previous closing of Rs. 34.10 on the BSE.

The scrip opened at Rs. 33.50 and has touched a high and low of Rs 35.70 and Rs. 33.45 respectively. So far 105083 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 60.00 on 13-Nov-2014 and a 52 week low of Rs. 32.95 on 08-Sep-2015.

Last one week high and low of the scrip stood at Rs. 36.00 and Rs. 33.30 respectively. The current market cap of the company is Rs. 351.67 crore.

The promoters holding in the company stood at 46.95% while Institutions and Non-Institutions held 17.13% and 35.91% respectively.

Pratibha Industries has secured a work order worth Rs 376.07 crore from TDWSP, Circle, Sangareddy, Rural Water Supply and Sanitation Department, Government of Telangana for providing drinking water to Sangareddy Segment from Singur Source in Medak District including operation and maintenance, for 10 years after commissioning (including DIP of 5 years). The project is to be completed within 18 months from the date of commencement.

Pratibha Industries is engaged in the business of integrated infrastructure solutions. As the company moves ahead, it has laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies.

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NCC 161.30
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