Shriram EPC spurted 15.09% to Rs 22.50 at 9:38 IST on BSE after the company said it has secured two orders aggregating Rs 349 crore.
The announcement was made after market hours yesterday, 12 October 2017.Meanwhile, the S&P BSE Sensex was up 208.07 points or 0.65% at 32,390.29. The S&P BSE Small-Cap index advanced 83.44 points or 0.49% at 16,987.09.
On the BSE, 2.96 lakh shares were traded on the counter so far as against the average daily volumes of 17,000 shares in the past two weeks. The stock had hit a high of Rs 23.45 and a low of Rs 22.25 so far during the day. The stock had hit a 52-week high of Rs 40.80 on 7 November 2016 and a 52-week low of Rs 19.35 yesterday, 12 October 2017.
The stock had underperformed the market over the past one month till 12 October 2017, sliding 9.7% compared with the Sensex's 0.07% rise. The stock had also underperformed the market over the past one quarter, declining 20.37% as against the Sensex's 1.19% rise. The scrip had also underperformed the market over the past one year, sliding 19.21% as against the Sensex's 14.6% rise.
The small-cap company has equity capital of Rs 939.38 crore. Face value per share is Rs 10.
The first order amounting to Rs 311 crore from Bihar Urban Infrastructure Development Corporation involves improvement of water supply system in Gaya Municipal Corporation. The second order amounting to Rs 38 crore is from Karnataka Urban Infrastructure Development & Finance Corporation and entails construction of pipeline, overhead tank and distribution network at Byadgi along with operations and maintenance.
Shriram EPC reported a net loss of Rs 0.94 crore in Q1 June 2017, compared with net loss of Rs 12.07 crore in Q1 June 2016. Net sales rose 112.2% to Rs 200.40 crore in Q1 June 2017 over Q1 June 2016.
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Shriram EPC is one of the leading service providers of integrated design, engineering, procurement, construction and project management services for medium to large infrastructure projects in water & sewerage, renewable energy, process and metallurgical plants and Municipal service sector projects throughout India.
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