Shares of Ahluwalia Contracts rise nearly 10% upon reporting an order win worth Rs 150 crore!

Shares of Ahluwalia Contracts rise nearly 10% upon reporting an order win worth Rs 150 crore!

by 5paisa Research Team Last Updated: Dec 14, 2022 - 11:51 pm 22.6k Views
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With this order win, the total order inflow during FY 2022-23 stands at Rs 863 crore.

Shares of Ahluwalia Contracts (India) Ltd are buzzing on the bourses today. In today’s session, the share price of this S&P BSE SmallCap company surged 9.5% over the previous day’s closing price.

This rally came on the back of a significant order win reported by the company on Monday after the market hours. As per the press release, the company has secured an order worth approximately Rs 150 crore from Ritnand Balved Education Foundation. The order entails the construction work of the Amity Campus in Bengaluru.

With this order win, the total order inflow during FY 2022-23 stands at Rs 863 crore.

Prior to this, roughly two weeks ago, the company had reported an order win worth (approx) Rs 209 crore, which was secured from DC Development Noida Limited. Even in the pre-opening session today, the shares of Ahluwalia Contracts (India) Ltd saw high demand from investors. During this time, the share price of the company rallied 7.09% to trade at Rs 444 apiece.

Today, the scrip opened at Rs 444 and has touched a high and low of Rs 465.50 and Rs 426.70, respectively. As of 12.27 pm, 8,560 shares of the company have been traded on the BSE. Ahluwalia Contracts (India) Ltd is one of the leading civil contractors in the country. The company is amongst a select group of 3-4 Contractors who are pre-qualified to bid for most of the mega building projects in the country.

In FY22, the company’s net revenue increased by 35.8% YoY to Rs 2,692.47. Similarly, the bottom line increased by 101% YoY to Rs 155 crore.

The company is currently trading at a TTM PE of 17.89x, against the industry PE of 248.68x. In FY22, the company delivered an ROE & ROCE of 15% and 24%, respectively.

At 12.27 pm, the shares of Ahluwalia Contracts (India) Ltd were trading at Rs 454.25, an increase of 9.56% from the previous day’s closing price of Rs 414.60 on BSE. The stock has a 52-week high & low of Rs 563.50 and Rs 339.80, respectively on BSE.

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