ALSTOM India rose 3.01% to Rs 348.60 at 10:42 IST on BSE, with the stock extending Thursday's 0.9% gains triggered by the company securing a contract worth over euro 100 million from GVK Power and Infrastructure.
Meanwhile, the S&P BSE Sensex was down 41.97 points or 0.21% at 19,860.10.
On BSE, 7,106 shares were traded in the counter as against average daily volume of 4,463 shares in the past one quarter.
The stock hit a high of Rs 352 and a low of Rs 343.05 so far during the day. The stock had hit a 52-week high of Rs 433 on 29 November 2012. The stock had hit a 52-week low of Rs 285 on 6 August 2013.
The stock had outperformed the market over the past one month till 3 October 2013, surging 12.52% compared with the Sensex's 9.14% rise. The scrip had, however, underperformed the market in past one quarter, advancing 1% as against Sensex's 3.78% rise.
The small-cap company has equity capital of Rs 67.23 crore. Face value per share is Rs 10.
More From This Section
Shares of ALSTOM India have risen 3.95% in two trading sessions from a recent low of Rs 335.35 on 1 October 2013, after the company during trading hours on Thursday, 3 October 2013 said it has been awarded a contract worth over euro 100 million by GVK Power and Infrastructure to equip the 850 megawatts (MW) Ratle hydropower plant, which will be commissioned in 2017. The stock had risen 0.9% to settle at Rs 338.40 on Thursday, 3 October 2013.
The contract includes the supply of 4 Francis turbines of 205 MW each, and one Francis turbine of 30 MW. This contract is booked in the second quarter of the current fiscal year, Alstom said. All equipment will be manufactured at Alstom's Vadodara facility in Gujarat, one of the company's largest hydro manufacturing hubs worldwide. The state-of-the-art facility has all the necessary resources to accommodate the growing hydro demands in India, the company said.
ALSTOM India's net profit surged 109.4% to Rs 26.97 crore on 22% growth in net sales to Rs 536.89 crore in Q1 June 2013 over Q1 June 2012.
ALSTOM India provides engineering, manufacturing, project management and supply of products and solutions for infrastructure sector.
Powered by Capital Market - Live News