ARSS Infra climbs 6.2% after bagging Rs.64.73 cr order

India Infoline News Service | Mumbai | April 20, 2016 16:39 IST

The company has bagged a work order amounting to Rs.64.73 crore for the widening and strengthening of Jamujhadi-Basudevpur-Dhamara Road (S.H) to 2 Lane without paved shoulder from 18/800 Km to 22/750Km & from 27/100Km to 60/470 km by the Office of the Executive Engineer Bhadrak (R&B) Division, Bhadrak on April 18.

ARSS Group
ARSS Infrastructure Projects  climbed 6.2% at Rs. 42. The company has announced that a work order amounting to Rs. 64.73 crores namely "Widening & Strengthening of Jamujhadi - Basudevpur - Dhamara Road (S.H) to 2 Lane without paved shoulder from 18/800 Km to 22/750Km & from 27/100Km to 60/470 km" is awarded in favour to the Company 'ARSS Infrastructure Projects Limited' by Office of the Executive Engineer Bhadrak (R&B) Division, Bhadrak on April 18, 2016.
The scrip opened at Rs. 43.5 and touched a high and low of Rs. 43.85 and Rs. 41.25 respectively. A total of 1303474(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 58.69 crore.
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 58.6 on 05-Jan-2016 and a 52 week low of Rs. 21.5 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 41.4 and Rs. 37.9 respectively.
The promoters holding in the company stood at 18.86 % while Institutions and Non-Institutions held 0.06 % and 81.08 % respectively.
The stock traded above its 200 DMA.

***Note: This is a NSE Chart

 

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