Atlanta Limited shares down by nearly 10 percent

Bangalore: Atlanta Limited stock was among top losers after its price went down nearly 10 percent. After opening the day at Rs.112.80, the stock touched its 52 week low of Rs.64.12, before closing the trade at Rs.112.60, with a loss of 9.86 percent. Through the day, 1867521 shares of Atlanta Limited were traded in the market with a PE ration of 18.35.

Atlanta Limited is engaged in the business of infrastructure development, including construction of roads, highways, bridges, runways, real estate development, and mining of coal and lime stone. It is engaged in contracting activities, such as construction and development of infrastructure. Its business activities include engineering, procurement and construction (EPC), infrastructure development on public private participation (PPP) model, mining and real estate.

Atlanta Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2010. For the quarter, the company net profit was declined 9.49 percent to Rs. 120.93 million from Rs. 133.61 million in the same quarter last year.