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Unity Infraprojects Jumps 5.14% in 3 Days on New Orders

  • Unity Infraprojects rose 1.24% to Rs. 28.60 at 11:10 IST on BSE on renewed buying after company recently announced securing new orders aggregating Rs. 139.29 crore.Meanwhile, the BSE Sensex was down 143.35 points, or 0.91% to 15,541.86.On BSE, 9,764 shares were traded in the counter as against average daily volume of 84,470 shares in the past one quarter.The stock hit a high of Rs. 28.85 and a low of Rs. 28.15 so far during the day. The stock had hit a 52-week low of Rs. 22.40 on 25 November 2011. The stock had hit a 52-week high of Rs. 108 on 6 January 2011.The stock has surged 5.14% in three trading sessions from Rs. 27.20 on Monday, 19 December 2011, after the company said it has secured 2 contracts aggregating Rs. 139.29 crore. The company announced the new orders after market hours on Monday, 19 December 2011.
  • The stock had underperformed the market over the past one month till 21 December 2011, falling 11.72% compared with Sensex's 1.64% decline. The scrip had also underperformed the market over the past one quarter, declining 44.33% as against Sensex's 8.09% fall.The small-cap construction company has an equity capital of Rs. 14.82 crore. Face value per share is Rs. 2.Unity Infraprojects said one of the two contracts is for the construction of second office building of National Highways Authority of India (NHAI) in New Delhi. The project value is Rs. 51.09 crore. The other contract is for the construction of ECGC's corporate office and residential accommodations at ECGC's plot of land at Andheri East in Mumbai. This project is to be completed within a period of 24 months. The contract value is Rs. 88.20 crore, Unity Infraprojects said in a statement.Unity Infraprojects' net profit fell 4.3% to Rs. 20.60 crore on 12.6% growth in net sales to Rs. 389.65 crore in Q2 September 2011 over Q2 September 2010.Unity Infraprojects is specialized in civil construction, transportation engineering and water supply/irrigation sectors projects.

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