Unity Infraprojects rises on reporting marginal increase in Q1 net profit

18 Aug 2011

Unity Infraprojects is currently trading at Rs 49.50, up by 0.35 points or 0.71% from its previous closing of Rs 49.15 on the BSE.

The scrip opened at Rs 50.90 and has touched a high and low of Rs 50.90 and Rs 49.10 respectively. So far 3128 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 121.00 on 13-Sep-2010 and a 52 week low of Rs 48.30 on 17-Aug-2011.

Last one week high and low of the scrip stood at Rs 57.50 and Rs 48.30 respectively. The current market cap of the company is Rs 390.07 crore.

The promoters holding in the company stood at 62.72% while Institutions and Non-Institutions held 19.04% and 18.25% respectively. 

Infrastructure developer Unity Infraprojects has reported unaudited results for the first quarter ended June 30, 2011.

The company has posted 0.36% increase in its net profit at Rs 19.58 crore for the quarter ended June 30, as against Rs 19.51 crore in the year-ago period. The company's total income for the period stood at Rs 376.03 crore, up 10.66% over Rs 339.79 crore in the first quarter of last fiscal.

Unity Infraprojects is one of the largest civil contractors in India. It is the flagship unit of the Mumbai-based KK Group of Companies, which has its interests spread across a wide spectrum of businesses such as concrete block manufacturing, quarrying, hotel and organized retailing industries.

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