Simplex Castings rose 3.4% to Rs 111 at 12:11 IST on BSE after the company said it has secured an order worth Rs 18 crore from Ministry of Railways.
The announcement was made on Saturday, 23 April 2016.Meanwhile, the S&P BSE Sensex was down 135.51 points or 0.52% at 25,702.63.
On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 6,123 shares in the past one quarter. The stock hit a high of Rs 113 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 109 so far during the day. The stock had hit a 52-week low of Rs 31.70 on 27 April 2015. The stock had outperformed the market over the past one month till 22 April 2016, surging 44.48% compared with Sensex's 2% rise. The scrip had also outperformed the market in past one quarter, advancing 24.61% as against Sensex's 5.74 % rise.
The small-cap company has equity capital of Rs 5.98 crore. Face value per share is Rs 10.
The latest order from Ministry of Railways is for manufacture & supply of cast steel bogies for Container Corporation of India's (Concor) container flat wagons. This order will be add-on to the performance of the company in financial year 2016-17, Simplex Castings said.
Simplex Castings' net profit rose 410% to Rs 0.51 crore on 50.9% growth in net sales to Rs 47.05 crore in Q3 December 2015 over Q3 December 2014.
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Simplex Castings manufactures engineering products, castings and equipments.
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