Atlanta bags new project

India Infoline News Service | Mumbai | January 11, 2017 16:54 IST

Atlanta Ltd, a leading Infra development company has been declared as a successful bidder for a six laning project. The six laning project is from 401 to 494 km in the state of Gujarat under NHDP Phase 5. The total cost of the project is Rs 1292 crore.

Construction
Atlanta, a leading Infra development company has been declared as a successful bidder for a six laning project. The six laning project is from 401 to 494 km in the state of Gujarat under NHDP Phase 5. The total cost of the project is Rs 1292 crore.

The stock of the company on January 11 had a remarkable day on the Street. The stock ended with gains of over 6%. In the last one year, it has given a return of 110.44%, which implies the stock has become a multi-bagger in the last one year; and in the last three years, on an annualised basis it has given a return of 19.58%.

LIC Mutual Fund is the only fund house which has invested in the stock of the company. The fund house has made an investment of 0.031% of the equity capital of the company.

Stock view:

Atlanta Ltd ended at Rs 78.75, up by Rs 4.75 or 6.42% from its previous closing of Rs 74 on the BSE.

The scrip opened at Rs 74 and touched a high and low of Rs 79.5 and Rs 74 respectively. A total of 1281654(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 603.1 crore.

The BSE group 'B' stock of face value Rs 2 touched a 52 week high of Rs 84.15 on 24-Oct-2016 and a 52 week low of Rs 27.3 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 76.5 and Rs 72.55 respectively.

The promoters holding in the company stood at 70.83 % while Institutions and Non-Institutions held 3.25 % and 25.92 % respectively.

The stock traded above its 100 DMA.

***Note: This is a NSE Chart

 

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