Valecha Engineering gained 1.91% to Rs 170.40 at 10:18 IST on BSE after the company said it has bagged new projects worth Rs 250 crore which includes road works at Pune, Delhi airport express line work and piling projects.
The stock hit a high of Rs 175 and a low of Rs 170.30 so far during the day. The stock had a 52-week high of Rs 358 on
The company’s current equity is Rs 11.95 crore. Face value per share is Rs 10.
The current price of Rs 170.40 discounts its Q3 December 2007 annualized EPS of Rs 11.58, by a PE multiple of 14.72.
Valecha Engineering’s net profit declined 84.4% to Rs 3.46 crore on 68.7% growth in net sales to Rs 116.20 crore in Q3 December 2007 over Q3 December 2006.
The Rs 250 crore company is primarily a player in the road construction business, from which it derives 70% of its revenues. Its road projects are present across many states in the country.
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