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Economic Times
2 days ago
- Business
- Economic Times
Ahluwalia Contracts shares surge 4% after Rs 1,100 crore order wins
Ahluwalia Contracts shares: The company announced that it has secured two major construction projects with a total value of ₹1,103.56 crore. Ahluwalia Contracts shares: The first order, valued at ₹821 crore, has been awarded by Whiteland Corporation Pvt Ltd. It involves the construction of a residential project called 'URBAN RESORT,' featuring seven residential towers in Sector-103, Gurugram. The project is expected to be completed within 36 months. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Financial status Stock performance and technical signals Shares of Ahluwalia Contracts (India) surged as much as 4% to a day's high of Rs 1,029.25 on the BSE on Monday after the company announced two major construction project wins worth a combined Rs 1,103.56 crore, bolstering its already strong presence in India's residential infrastructure segment Ahluwalia Contracts (India) disclosed the contract wins in a regulatory filing dated June 27, to the BSE and NSE, in compliance with Clause 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, first order, worth Rs 821 crore, has been awarded by Whiteland Corporation Pvt Ltd. It pertains to the construction of a residential development named 'URBAN RESORT,' comprising seven residential towers located in Sector-103, Gurugram. The project is scheduled to be executed within 36 second project, valued at Rs 282.56 crore, was awarded by a joint venture between Nestled Haven Estates Private Ltd and Maia Estates Private Ltd. The scope includes civil structure and architectural finishing work for a group housing project named 'The Beacon' in Bengaluru. This project is slated for completion in 32 company clarified that these projects do not involve any related party transactions and confirmed that there is no interest from the promoter, promoter group, or associated companies in the awarding the financial year ended March 31, 2025 (FY25), Ahluwalia Contracts reported total revenue of Rs 4,154 crore and net profit after tax of Rs 201.5 crore. In Q4 FY25, the company posted revenue of Rs 1,215.84 crore, up from Rs 1,163.66 crore in Q4 FY24. However, net profit declined to Rs 83.33 crore from Rs 199.80 crore in the corresponding quarter a year stock has been on a rebound in recent months. Despite a nearly 21% fall over the past year and a 4% dip in the last six months, shares have risen 20.5% in the past three months and are up 2% over the last one the stock is trading above all its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, pointing to bullish momentum across Relative Strength Index (RSI) stands at 65.4, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 10.9 and continues to trade above both the center and signal lines, further supporting a positive technical outlook.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Ahluwalia Contracts shares in focus after Rs 1,100 crore order wins
Shares of Ahluwalia Contracts (India) are set to be in focus on Monday after the company announced two major construction project wins worth a combined Rs 1,103.56 crore, bolstering its already strong presence in India's residential infrastructure segment. ADVERTISEMENT Ahluwalia Contracts (India) disclosed the contract wins in a regulatory filing dated June 27, to the BSE and NSE, in compliance with Clause 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The first order, worth Rs 821 crore, has been awarded by Whiteland Corporation Pvt Ltd. It pertains to the construction of a residential development named 'URBAN RESORT,' comprising seven residential towers located in Sector-103, Gurugram. The project is scheduled to be executed within 36 months. The second project, valued at Rs 282.56 crore, was awarded by a joint venture between Nestled Haven Estates Private Ltd and Maia Estates Private Ltd. The scope includes civil structure and architectural finishing work for a group housing project named 'The Beacon' in Bengaluru. This project is slated for completion in 32 company clarified that these projects do not involve any related party transactions and confirmed that there is no interest from the promoter, promoter group, or associated companies in the awarding entities. ADVERTISEMENT For the financial year ended March 31, 2025 (FY25), Ahluwalia Contracts reported total revenue of Rs 4,154 crore and net profit after tax of Rs 201.5 crore. In Q4 FY25, the company posted revenue of Rs 1,215.84 crore, up from Rs 1,163.66 crore in Q4 FY24. However, net profit declined to Rs 83.33 crore from Rs 199.80 crore in the corresponding quarter a year stock has been on a rebound in recent months. Despite a nearly 21% fall over the past year and a 4% dip in the last six months, shares have risen 20.5% in the past three months and are up 2% over the last one month. ADVERTISEMENT Technically, the stock is trading above all its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, pointing to bullish momentum across Relative Strength Index (RSI) stands at 65.4, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 10.9 and continues to trade above both the center and signal lines, further supporting a positive technical outlook. ADVERTISEMENT Also read | Stocks in news: Torrent Pharma, Tata Steel, Adani Enterprises, NTPC Green, Asian Paints, HAL (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
