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Elecon Engg escalates on winning new order
Elecon Engineering Company rose 2.96% to Rs 97.40 at 11:24 IST after the company won a material handling equipment order worth Rs 36 crore from Essar Projects (India).
The announcement was made during trading hours today, 11 November 2010.
Meanwhile, the BSE Sensex was down 10.10 points, or 0.05%, to 20,865.61.
On BSE, 1.34 lakh shares were traded in the counter compared with average volume of 1 lakh shares in past two-weeks.
The stock hit a high of Rs 98.75 and a low of Rs 95 so far during the day.
Elecon Engineering Company's net profit rose 31.9% to Rs 14.21 crore on 9.6% increase in net sales to Rs 279.49 crore in Q2 September 2010 over Q2 September 2009.
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