Company Overview and News
10:05 am Market Check: Equity benchmarks maintained uptrend, with the Sensex rising 177.44 points to 33,126.65 and the Nifty rallying 60.60 points to 10,227.30. (35-0)
Close to 25 companies including Asian Hotels (West), Anuh Pharma, BPL, Bhartiya International, Cambridge Technology, Cineline, Fortune Financial, Ginni Filaments, Haldyn Glass, Hotel Leelaventure, Indian Hume Pipe, Jet Airways, Mangalam Timber, Precision Wires, Prime Focus, Shriram EPC, Suryalakshmi Cotton, XChanging Solutions, Venus Remedies, Zenith Exports, Zicom Electronic and Wanbury will declare their July-September quarter numbers on Thursday. (1-0)
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The company has reported 23 percent declined in its Q1FY18 net profit at Rs 19.8 crore versus Rs 25.7 crore, in the same quarter last year.
Share price of Indian Hume Pipe Company advanced 6.4 percent intraday Monday on the back of bagging work order worth Rs 257.44 crore.
Indian Hume Pipe Company has secured a work order worth ₹163.50 crore from Raipur Municipal Corporation, Chhattisgarh, for work on augmentation of water supply to Raipur under the Amrut Mission. The order is on turnkey basis and includes operation & maintenance for five years. The work is to be completed within 30 months, Indian Hume Pipe informed the exchanges after market hours. Investors will closely follow the execution of the project.
Long term bank facilities (Rs 623.13 crore) - CARE A+; Stable (Reaffirmed) Short term bank facilities (Rs 1105 crore) - CARE A1+ (Reaffirmed)
Indian Hume Pipe Company shares rallied as much as 4 percent in morning trade Monday and hit a record high of Rs 498.70 on receiving work order from Tamil Nadu Water Board.
Indian Hume Pipe on Saturday announced that it has secured work order of Rs 183.64 crore from the Tamilnadu Water Supply & Drainage Board, Coimbatore.
Indian Hume Pipe today said it has secured an order of Rs 183.46 crore from Tamil Nadu Water Supply and Drainage Board (TNWSDB).
In the first half of Friday’s trade Indian Hume Pipe Company rose over 3% at 11:11 IST on BSE. The company on previous day posted its Q4 FY 17 results.
Shares of Indian Hume Pipe Company added 2.8 percent intraday Thursday as it has secured order of Rs 122.86 crore.
The Indian Hume Pipe Company on Thursday announced that from Madhya Pradesh Jal Nigam Maryadit, Bhopal, a government of Madhya Pradesh undertaking, has secured work order of Rs 122.86 crore.
Fresh selling dragged the key benchmark indices lower in early afternoon trade. At 12:18 IST, the barometer index, the S&P BSE Sensex, was down 54.54 points or 0.19% at 29,406.91. The Nifty 50 index was down 17.05 points or 0.19% at 9,133.75. Trading activity was lackluster as investors remained on the sidelines on rising geopolitical concerns.
Indian Hume Pipe Company soared 4.5% on Monday as the constructions company announced that it has received an order worth Rs 177 crore.
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