Pratibha Industries surged 3.11% to Rs 278.60 at 11:25 IST on BSE, after the company said on Monday, 8 September 2008, it has secured a contract worth Rs 44.75 crore from Delhi Jal Board for water transmission program.
The company made this announcement before trading hours today, 8 September 2008.
The stock hit a high of Rs 285 and a low of Rs 273.20 so far during the day. The stock has a 52-week high of Rs 469.80 on 2 January 2008 and a 52-week low of Rs 180.10 on 18 July 2008.
The company’s current equity is Rs 16.69. Face value per share is Rs 10.
The current price of Rs 278.60 discounts Q1 June 2008 annualized EPS of Rs 27.83, by a PE multiple of 10.01.
The project is to be executed within 18 months.
In June 2008, Pratibha Industries bagged an order worth Rs 179.72 crore from Lanco Hills Technology Park for construction of a mall podium.
In April 2008, the company bagged an order worth Rs 37.03 crore from Sunshine Housing Development for construction of a commercial building Sunshine Towers at Dadar in Mumbai.
Pratibha Industries’ net profit surged 93.8% to Rs 11.61 crore on 169.7% rise in net sales to Rs 177.81 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in the business of infrastructure and manufacture of submerged arc welded pipes.
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