Madhucon Projects rose 4.53% to Rs 34.60 at 15:17 IST on BSE after the company said one of its step down subsidiary synchronized with grid of its second unit (1X150MW) of the phase II on 30 December 2014.
The announcement was made during market hours today, 1 January 2015.
Meanwhile, the S&P BSE Sensex was up 13.35 points or 0.05% at 27.512.77.
On BSE, so far 1 lakh shares were traded in the counter as against average daily volume of 67,533 shares in the past one quarter.
The stock hit a high of Rs 36.40 and a low of Rs 32.45 so far during the day. The stock had hit a 52-week high of Rs 52.30 on 13 June 2014. The stock had hit a 52-week low of Rs 10.45 on 21 February 2014.
The stock had underperformed the market over the past one month till 31 December 2014, sliding 10.42% compared with the Sensex's 4.16% fall. The scrip had also underperformed the market in past one quarter, declining 11.26% as against Sensex's 3.26% rise.
Also Read
The small-cap company has equity capital of Rs 7.38 crore. Face value per share is Re 1.
Madhucon Projects' net profit rose 7.1% to Rs 9.56 crore on 9.8% growth in net sales to Rs 247.13 crore in Q2 September 2014 over Q2 September 2013.
Madhucon Projects is engaged in execution of infrastructure projects, such as construction of national highways, fly-overs, dams, tunnels, aquaducts, bridges, coal handling plants, workshops property development projects including high rise structures, hospitality and retail industry structures etc. and enjoying substantial non-fund based limits in the form of bank guarantees with banks under multiple banking arrangements.
Powered by Capital Market - Live News