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• Valecha Engineering soared 17.27% to Rs 67.55 at 13:23 IST on BSE after the company said it has commissioned its first built-operate-transfer road toll project worth Rs 281 crore eleven months before schedule.The company made this announcement during trading hours today, 1 December 2011.Meanwhile, the BSE Sensex was up 455.22 points, or 2.82% to 16,578.68.On BSE, 1.27 lakh shares were traded in the counter as against average daily volume of 14,255 shares in the past one quarter.The stock hit a high of Rs 68.80 and a low of Rs 59.15 so far during the day. The stock had hit a 52-week low of Rs 51 on 24 November 2011. The stock had hit a 52-week high of Rs 174.80 on 2 December 2010.
• The small-cap stock had underperformed the market over the past one month till 30 November 2011, falling 24.61% compared with the Sensex's 9.44% fall. The stock had also underperformed the market in past one quarter, sliding 31.02% as against Sensex's decline of 3.32%.The company has an equity capital of Rs 19.53 crore. Face value per share is Rs 10.The said project is a 4-lane green field highway of 34.3 kilometres (kms) connecting state highway (SH)-31, crossing national highway (NH)-59 and meeting NH-3 for Madhya Pradesh Road Development Corporation (MPRDC), with concession period of 25 years.
• Valecha Engineering said the project is worth Rs 281 crore and was accomplished within a record time of 13 months, as against 24 months schedule from the appointed date 28 October 2010, the company said in a statement.Valecha Engineering's net profit fell 18.4% to Rs 3.76 crore on 18.9% decline in net sales to Rs 118.48 crore in Q2 September 2011 over Q2 September 2010.Valecha Engineering is engaged in the construction of major infrastructure & engineering projects such as roads, highways & expressways, bridges & tunnels, airports, irrigation dams, reservoirs & canals, railways foundation & piling works.

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