CapitalMarket.com - Elecon Engineering gains on new order win
Hot Pursuit Monday, December 20, 2010 10:28 Hrs IST

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Elecon Engineering gains on new order win

Elecon Engineering Company rose 2.47% to Rs 78.85 at 10:27 IST on BSE, after the company secured an order worth Rs 43.25 crore from Energo Engineering Projects for material handling and other equipments.

The company announced the new order win during trading hours today, 20 December 2010.

Meanwhile, the BSE Sensex was down 58.81 points, or 0.30%, to 19,806.04.

On BSE, 30,052 shares were traded in the counter compared with the average volume of 1.57 lakh shares in past one quarter.

The stock hit a high of Rs 79.90 and a low of Rs 76.20 so far during the day. The stock hit a 52-week high of Rs 103.70 on 15 October 2010 and a 52-week low of Rs 70.45 on 22 March 2010.

The small-cap stock had underperformed the market over the past one month till 16 December 2010, declining 13.25%. The BSE Sensex had remained unchanged over the past one month till 16 December 2010. The scrip had also underperformed the market in past one quarter, falling 15.44% as against 2.30% rise in the Sensex.

The company has an equity capital of Rs 18.57 crore. Face value per share is Rs 2.

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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