Stone India rose 2.04% to Rs 90 at 9:57 IST on BSE after the company said it has received an order worth Rs 9.39 crore from Western Railway for design, maintenance, supply, installation and commissioning of 18 units of passenger escalators.
The announcement was made after market hours yesterday, 26 November 2015.
Meanwhile, the S&P BSE Sensex was up 82.66 points or 0.32% at 26,041.29.
On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 67,000 shares in the past two weeks.
The stock hit a high of Rs 92.80 and a low of Rs 89.35 so far during the day. The stock had hit a 52-week high of Rs 101 on 20 February 2015. The stock had hit a 52-week low of Rs 41.10 on 3 June 2015.
The stock had outperformed the market over the past one month till 26 November 2015, surging 17.44% compared with the Sensex's 5.13% fall. The scrip had also outperformed the market in past one quarter, advancing 55.83% as against Sensex's 0.95% rise.
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The small-cap company has equity capital of Rs 9.60 crore. Face value per share is Rs 10.
Stone India reported net profit of Rs 0.68 crore in Q2 September 2015 compared with net loss of Rs 0.25 crore in Q2 September 2014. Net sales rose 29.7% to Rs 30.88 crore in Q2 September 2015 over Q2 September 2014.
Stone India is engaged in manufacturing equipment for railways like alternators, air brakes and brake regulators.
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