CapitalMarket.com - New order lifts Elecon Engineering
Hot Pursuit Tuesday, May 18, 2010 11:58 Hrs IST

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New order lifts Elecon Engineering

Elecon Engineering Company rose 1.70% to Rs 80.95 at 11:57 IST on BSE, after the company secured an order worth Rs 51.92 crore from BGR Energy for supply of equipment.

The company announced the new order win during trading hours today, 18 May 2010.

Meanwhile, the BSE Sensex was up 22.35 points, or 0.13% to 16,857.91.

On BSE, 1.43 lakh shares were traded in the counter as against an average daily volume of 1.72 lakh shares in the past one quarter.

The stock hit a high of Rs 81.35 and a low of Rs 78.90 so far during the day. The stock had hit a 52-week high of Rs 110.85 on 21 October 2009 and a 52-week low of Rs 58.50 on 19 May 2009.

The small-cap stock had outperformed the market over the past one month till 17 May 2010, falling 0.13% as compared to the Sensex's 4.30% decline. It had underperformed the market in the past one quarter, rising 0.06% as compared to the Sensex's return of 2.48%.

The company's equity capital is Rs 18.57 crore. Face value per share is Rs 2.

Elecon Engineering Company's net profit surged 59.4% to Rs 27.07 crore on 14.1% increase in net sales to Rs 329.09 crore in Q4 March 2010 over Q4 March 2009. The company declared its result on 10 May 2010.

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