SIMPLEX INFRA

23 November, 2007

13:02 Simplex Infrastructures advances on new order win

Meanwhile the BSE Sensex was up 336.03 points or 1.81% to 18,857.24 points.

On BSE, 25732 shares changed hands in the counter. The average daily volume in the stock in the past one quarter was 27396 shares.

The stock hit a high of Rs 645 and low of Rs 615 so far during the day. It had hit 52-week high of Rs 658.90 on 20 November 2007 and 52-week low of Rs 270.95 on 9 March 2007..

The stock outperformed the market over the past one month till 22 November 2007, gaining 24.84% compared to the Sensex’s return of 0.07%. It had also outperformed the market in the past one quarter, rising 75.47% compared to Sensex’s gain of 28.43%.

The current price of Rs 644.50 discounts its Q2 September 2007 annualised EPS of Rs 17.75, by a PE multiple of 36.30.

The company’s current equity capital is Rs 8.57 crore. Face value per share is Rs 2.

On 15 November 2007, Simplex Infrastructures bagged two road projects worth Rs 680 crore from the Mumbai Metropolitan Region Development Authority

Simplex Infrastructures provides infrastructure solutions in power, industrial construction, urban infrastructure, marine, highrise building, roads and bridges segments. The company provides comprehensive services across ground engineering.

The company posted 170.5% jump in net profit to Rs 19.10 crore on 60.3% growth in net sales to Rs 571.13 crore in Q2 September 2007 over Q2 September 2006.