This small-cap civil construction company has secured an order worth Rs 169 crore
Both the company's quarterly consolidated and annual consolidated financial statements showed amazing numbers.
Today, shares of Ahluwalia Contracts (India) Limited surged 2.78 per cent from its previous closing of Rs 463.25 per share to an intraday high of Rs 476.10. At 03:30 pm, the shares of the company ended the day in green, up 1.36 per cent to Rs 469.55 per share.
Ahluwalia Contracts informed both the exchanges (BSE & NSE) that it has secured an order for construction of civil & structural works for a data centre complex at Bhubaneswar, Orissa, awarded by Indian Financial Technologies and Allied Services (IFTAS) worth of Rs 169 crore approx. The order inflow during the FY 2022-23 stands at Rs 4,333.63 crore till date.
Ahluwalia Contracts (India) Ltd is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India.
Talking about finances, Ahluwalia Contracts has a market cap of Rs 3,146 crore. Both the company's quarterly consolidated and annual consolidated financial statements showed amazing numbers. In Q3FY23, net sales and net profit rose by 8.74 per cent and 6.31 per cent, respectively over Q3FY22. In FY22, net sales and net profit rose by 35.83 per cent and 101.06 per cent over FY21.
The stock has a 52-week high of Rs 563.50 and a 52-week low of Rs 369. Investors should keep an eye on this Small-Cap stock under their watchlist.