C & C Constructions slides

C & C Constructions declined 4.54% to Rs 175.50 at 14:12 IST on BSE even as it won orders worth Rs 202 crore from Himachal Pradesh Road & Infrastructure Development Corporation..

The company made this announcement during trading hours today, 10 March 2008.

On BSE, 4,689 shares were traded in the counter. The scrip had an average daily volume of 29,010 shares in the past one quarter.

The stock hit a high of Rs 180.90 and a low of Rs 171.60 far during the day. The stock had a 52-week high of Rs 317.95 on 3 January 2008 and a 52-week low of Rs 158 on 8 March 2007.

The small-cap scrip had underperformed the market over the past one month till 7 March 2008, declining 16.64% compared to the Sensex’s fall of 8.85%. It had also underperformed the market in the past one quarter, declining 25.04% compared to Sensex’s decline of 19.99%.

The company’s current equity is Rs 18.26 crore. Face value per share is Rs 10.

The current price of Rs 175.50 discounts Q2 December 2007 annualized EPS of Rs 16.12 by a PE multiple of 10.89.

C & C Constructions’ net profit rose 40.7% to Rs 7.36 crore on 47.1% growth in net sales to Rs 86.18 crore in Q2 December 2007 over Q2 December 2006.

The company provides engineering, procurement and construction services. It operates in transportation engineering projects including roads, bridges flyovers and airport runways. The company operates in India and Afghanistan.

The company’s order book stands at Rs 1008 crore.