The company announced the new order win during trading hours today, 5 January 2009.

Meanwhile, the BSE Sensex was up 168.16 points, or 1.69%, to 10,126.38.

On BSE, 5.18 lakh shares were traded in the counter. The stock had an average daily volume of 11.09 lakh shares in the past one quarter.

The stock hit a high of Rs 166 and a low of Rs 159.25 so far during the day. The stock hit a 52-week high of Rs 575 on 7 January 2008 and a 52-week low of Rs 56.50 on 27 October 2008.

The mid-cap stock had outperformed the market over the past one month till 2 January 2009, gaining 28.97% as compared to the Sensex's return of 13.95%. It had underperformed the market in the past one quarter, declining 32.76% as compared to the Sensex's decline of 23.72%.

The company's current equity is Rs 26.70 crore. Face value per share is Rs 2.

The current price of Rs 163.63 discounts the company's Q2 September 2008 annualized EPS of Rs 17.11, by a PE multiple of 9.56.

IVRCL & Infrastructure has bagged orders aggregating to Rs 260.46 crore from for construction of two elevated metro stations and laying pipelines in Karnataka.

The company had on 16 December 2008 bagged orders aggregating Rs 746.26 crore.

IVRCL Infrastructures & Projects' net profit surged 62% to Rs 57.10 crore on 65.8% increase in net sales to Rs 1158.85 crore in Q2 September 2008 over Q2 September 2007.

IVRCL Infrastructures & Projects undertakes contracts to execute civil engineering works.