Ahluwalia Contracts jumps on strong order book

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 04/11/2009 | 12:00 AM IST

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Wednesday, November 04, 2009 (New Delhi)

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The company made this announcement during trading hours today, 4 November 2009.

Meanwhile, the BSE Sensex was up 464.88 points, or 3.02%, to 15,869.82.

On BSE, 60,658 shares were traded in the counter as against an average daily volume of 2.25 lakh shares in the past one quarter.

The stock hit a high of Rs 164.40 and a low of Rs 157 so far during the day. The stock had hit a 52-week high of Rs 184.95 on 23 October 2009 and a 52-week low of Rs 25.20 on 26 November 2008.

The small-cap stock had outperformed the market over the past one month till 3 November 2009, falling 5.14% as compared to the Sensex's 10.09% fall. It had also outperformed the market in the past one quarter, gaining 18.68% as compared to the Sensex's return of 3.26%.

The company's equity capital is Rs 12.55 crore. Face value per share is Rs 2.

The current price of Rs 160 discounts the company's Q2 September 2009 annualized EPS of Rs 15.16, by a PE multiple of 10.55.

Ahluwalia Contracts (India)'s net profit surged 63.77% to Rs 23.78 crore on 15.20% rise in net sales to Rs 346.42 crore in Q2 September 2009 over Q2 September 2008. The company announced the results on Saturday, 31 October 2009.

The company's current order book stands at Rs 4870 crore, which is 4.21% times its sales of Rs 1156.64 crore for the year ended March 2009, giving strong revenue visibility.

The company is engaged in constructing wide range of structural buildings such as healthcare facilities, hotels, educational institutions, information technology parks, commercial complexes and malls, group housing projects and corporate office premises.

Promoters have pledged more than 1.17 crore shares representing 18.76% of the equity capital of the company. Total promoter shareholding in the company is 74.53% (as on 30 September 2009).

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