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Ahluwalia Contracts (India) inches up on bagging order worth Rs 805 crore

10 Apr 2012 Evaluate

Ahluwalia Contracts (India) is currently trading at Rs. 68.00, up by 0.10 points or 0.15% from its previous closing of Rs. 67.90 on the BSE.

The scrip opened at Rs. 70.20 and has touched a high and low of Rs. 70.20 and Rs. 67.70 respectively. So far 23,923 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 141.95 on 11-Apr-2011 and a 52 week low of Rs. 45.60 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 70.20 and Rs. 67.50 respectively. The current market cap of the company is Rs. 426.00 crore.

The promoters holding in the company stood at 72.61% while Institutions and Non-Institutions held 19.77% and 7.62% respectively.

Ahluwalia Contracts (India) has secured new orders aggregating to Rs 805 crore for construction of residential, institutional, hotel, retail and industrial building including electrical plumbing and firefighting services.

Out of total orders, the company has bagged contract worth Rs 403.85 crore for construction of residential building in major cities from leading developers. The company has also bagged contract worth Rs 132.18 crore for construction of hotel, Rs 100.50 crore worth of project for construction of institutional building, Rs 38.29 crore of contract for construction of industrial building, Rs 36.24 crore for construction of retail and Rs 31 crore for construction of infrastructures.

In addition, orders in service segment (electromechanical, plumbing and firefighting) worth Rs 62.73 crore are also bagged by the company.

Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality.

Peers
Company Name CMP
Lodha Developers 1078.10
Prestige EstatesProj 1436.50
Dilip Buildcon 392.55
DLF 655.10
Oberoi Realty 1717.90
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