Ahluwalia Contracts jumps on order receipt
By
Research Desk
about 8 years ago
Ahluwalia Contracts inched so close to its 52-week high of Rs.303 when it hit an intra day high at Rs.288.10.
The optimism on the counter is after the company announced that it has secured new orders worth Rs.200 crore for construction of building, including Electrical, Plumbing and Firefighting Services.
The total order inflow of the company for FY16 currently stands at Rs.1534 crore.
It is the lowest bidder for projects worth Rs.965 crore and those in pipeline are worth Rs.2500 crore.
The company had ended Q3Fy16 with a 43% (YoY) net profit at Rs.20 crore.