Ahluwalia Contracts (India) Ltd Share Price – NSE  / BSE

Realty, Small Cap

The key equity indices traded near the flatline with tiny gains in morning trade. The Nifty traded above the 24,900 level. Media shares advanced after declining in the past two consecutive trading sessions.

At 10:30 IST, the barometer index, the S&P BSE Sensex, rose 35.81 points or 0.04% to 81,591.29. The Nifty 50 index added 3.05 points or 0.01% to 24,939.45.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.44% and the S&P BSE Small-Cap index gained 1.08%.

The market breadth was strong. On the BSE, 2,507 shares rose and 1,090 shares fell. A total of 157 shares were unchanged.

Buzzing Index:

The Nifty Media index rose 1.09% to 2,074.65. The index fell 1.47% in past two consecutive trading sessions.

Nazara Technologies (up 5.07%), PVR Inox (up 2.01%), TV18 Broadcast (up 1.50%), Tips Industries (up 1.05%), Hathway Cable & Datacom (up 1.03%), Sun TV Network (up 0.75%), Zee Entertainment Enterprises (up 0.74%), Network 18 Media & Investments (up 0.57%), Saregama India (up 0.44%) and Dish TV India (up 0.29%) advanced.

Stocks in Spotlight:

Ahluwalia Contracts (India) jumped 4.33% after the company announced that it has bagged two contracts worth Rs 1,307 crore from SignatureGlobal for housing projects.

JSW Energy added 1.37% after the company’s wholly owned subsidiary, JSW Neo Energy received a letter of award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up 600 MW Wind-Solar Hybrid Power Project.

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Under the first contract, the company will be responsible for the civil structure, mechanical, electrical and plumbing works as well as finishing works for all towers and basements and all other ancillary buildings at Project De-luxe DXP, Gurugram.

The real estate company would be required to undertake similar works at a different site in Gurugram, called Iconic Tower.

Both the projects have to completed within a period of 48 months. The first project is valued at Rs 1144 crore while the value of the second project is Rs 163 crore.

Ahluwalia Contracts' project portfolio encompasses projects across residential and commercial complexes, hotels, institutional buildings, hospitals and corporate offices, information technology (IT) parks and industrial complexes.

The company’s consolidated net profit dropped 38.5% to Rs 30.56 crore in Q1 FY25 as compared to Rs 49.71 crore posted in Q1 FY24. Revenue from operations jumped 20.4% YoY to Rs 919.35 crore in Q1 FY25.

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Ahluwalia Contracts (India) has received an order of Rs 163 crore from Signatureglobal Homes for a group housing project. The project entails civil structure, part MEP and finishing works for all towers and basements and all other ancillary buildings” at Iconic Tower, Gurugram.

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Ahluwalia Contracts (India) has secured an order worth Rs 1,144 crore from Signatureglobal Business Park for a group housing project. The project entails civil structure, part MEP and finishing works for all towers and basements and all other ancillary buildings” at Project De-luxe DXP,Gurugram.

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