Pratibha Industries declined 6.31% to Rs 228.10 at 10:29 IST on BSE, even as the company said on Thursday, 18 September 2008, it has secured an order worth Rs 156 crore from Delhi Jal Board for design and construction of water supply scheme.
The company made this announcement before trading hours today, 18 September 2008.
The stock hit a high of Rs 235 and a low of Rs 228.10 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 17 July 2008.
The company’s current equity is Rs 16.69 crore. Face value per share is Rs 10.
The current price of Rs 228.10 discounts Q1 June 2008 annualized EPS of Rs 27.83, by a PE multiple of 8.20.
The project is to be executed within 21 months.
On 8 September 2008, Pratibha Industries secured a contract worth Rs 44.75 crore from Delhi Jal Board for water transmission program.
In June 2008, Pratibha Industries bagged an order worth Rs 179.72 crore from Lanco Hills Technology Park for construction of a mall podium.
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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