Monday , December 9 2019
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Ahluwalia Contracts soars on securing new orders worth Rs 536.66 crore

Ahluwalia Contracts (India) is currently trading at Rs. 291.00, up by 3.90 points or 1.36% from its previous closing of Rs. 287.10 on the BSE.

The scrip opened at Rs. 283.00 and has touched a high and low of Rs. 296.85 and Rs. 276.40 respectively.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 385.00 on 28-May-2019 and a 52 week low of Rs. 243.60 on 07-Feb-2019.

Last one week high and low of the scrip stood at Rs. 309.75 and Rs. 276.40 respectively. The current market cap of the company is Rs. 1855.56 crore.

The promoters holding in the company stood at 58.00%, while Institutions and Non-Institutions held 38.42% and 3.57% respectively.

Ahluwalia Contracts (India) has secured new orders aggregating to Rs 536.66 crore (approximately) for construction of hospital, commercial including electrical, plumbing & firefighting services. New orders worth of Rs 365 crore for construction of Sant Nirankari Mandal hospital at Dheerpur, New Delhi and worth Rs 171.66 crore for construction / development of commercial project for Nephronia Ecospaces at Pune.

The company had currently L1 in project valued approximately Rs 519 crore. The total order inflow during the FY 2019- 2020 stands at Rs 1985.96 crore.

Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality.