Ahluwalia Contracts (India) shares rally over 4% on bagging new order worth Rs 151.39 cr

By: | Updated: September 28, 2016 4:27 PM

Ahluwalia Contracts (India) shares jumped over 4 per cent in morning trade on Wednesday after it informed bourses that it has received new order aggregating Rs 151.39 crore work from Bharat Electronics (BEL).

Ahluwalia Contracts (India) shares rally over 4% on bagging new order worth Rs 151.39 crAhluwalia Contracts (India) shares jumped over 4 per cent in morning trade on Wednesday after it informed bourses that it has received new order aggregating Rs 151.39 crore work from Bharat Electronics (BEL).

Ahluwalia Contracts (India) shares jumped over 4 per cent in morning trade on Wednesday after it informed bourses that it has received new order aggregating Rs 151.39 crore work from Bharat Electronics (BEL). The total order inflow during the FY 2016-2017 stands at Rs 1360.98 crore. Reacting to the news, stocks of the company were trading 1.37 per cent up at Rs 304.10 at 11.36 am. The scrip opened at Rs 300 and touched a high and low of Rs 312.05 and Rs 295, respectively. Later, the scrip ended 0.98 per cent up at Rs 302.95.

The BSE group ‘B’ stock of face value Rs 2 has touched a 52-week-high of Rs 336.20 on Sep 6, 2016 and a 52-week-low of Rs 210 on Feb 25, 2016. The promoters holding in the company stood at 62.43 per cent, while institutions and non-institutions held 28.37 per cent and 9.20 per cent respectively.

Stocks of the company were trading down 0.05 per cent at Rs 299.85 in early trade as it informed BSE on Tuesday that the company has received letter from Executive Engineer, Construction Division-2, Building Construction Department (B.C.D.) Patna, for stopping of construction of International Convention Centre (ICC) and Police Headquarter Bhawan, Patna as per order of National Green Tribunal (NGT), Eastern Zone Bench, Kolkata as the master plan was not yet approved.

Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality.

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