Order win boosts Bartronics India

Bartronics India gained 2.70% to Rs 180.70 at 12:18 IST on BSE after the company secured a contract worth over Rs 400 crore from the Employees State Insurance Corporation for providing smart cards.

On BSE, 7.62 lakh shares were traded in the counter. The scrip had an average daily volume of 1.01 lakh shares in the past one quarter.

The stock hit a high of Rs 187.50 and a low of Rs 175 so far during the day. The stock had a 52-week high of Rs 294.50 on 7 January 2008 and a 52-week low of Rs 125 on 4 April 2008.

The small-cap company outperformed the market over the past one-month till 14 August 2008, advancing 15.42% compared to the Sensex's return of 10.45%. It underperformed the market in the past one quarter, declining 20.84% compared to Sensex's decline of 13.28%.

The company has an equity capital of Rs 27.58 crore. Face value per share is Rs 10.

The current price of Rs 180.70 discounts its Q1 June 2008 annualised EPS of Rs 22.15, by a PE multiple of 8.15.

In an announcement made during market hours today, 18 August 2008, Bartronics India said the contract is for district-wise operation of smart cards under the Rashtriya Swasthya Bima Yojana (RSBY) scheme covering 609 districts across the country.

Bartronics India is a leading provider of smart card-based technology as well as radio frequency identification solutions.

The company posted 220.37% surge in net profit to Rs 15.27 crore on 165.71% increase in total income to Rs 679.32 crore in Q1 June 2008 over Q1 June 2007

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