Pratibha Industries soars on bagging order worth Rs 321.88 crore

21 Oct 2013

Pratibha Industries is currently trading at Rs. 23.80, up by 1.40 points or 6.25% from its previous closing of Rs. 22.40 on the BSE.

The scrip opened at Rs. 23.00 and has touched a high and low of Rs. 24.20 and Rs. 22.50 respectively. So far 61,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 58.65 on 10-Jan-2013 and a 52 week low of Rs. 16.80 on 23-Aug-2013.

Last one week high and low of the scrip stood at Rs. 24.40 and Rs. 21.20 respectively. The current market cap of the company is Rs. 240 crore.

The promoters holding in the company stood at 51.72% while Institutions and Non-Institutions held 21.63% and 26.65% respectively.

Pratibha Industries has secured a contract Viz. Cluster Scheme of 315 Villages of Mandalgarh, Bijoliya and Jahajpur Tehsils along with Augmentation of UWSS of Mandalgarh and Bijoliya Towns from Aroli Headworks under Chambal-Bhilwara Water supply project Phase-II with operation and maintenance for 10 years on Single Point Responsibility Turnkey basis. The contract is scheduled to be completed in 36 months from the date of commencement. Total value of the contract is Rs.321.88 crore received from PHED (Ajmer) Rajasthan.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323