Shriram EPC rose 10.06% to Rs 26.80 at 9:28 IST on BSE after the company said it bagged a Rs 71 crore order from Palani Temple in Tamil Nadu.
The announcement was made after market hours yesterday, 5 July 2017.Meanwhile, the S&P BSE Sensex was up 52.02 points, or 0.17% to 31,297.58.
On the BSE, 1.28 lakh shares were traded in the counter so far, compared with average daily volumes of 32,585 shares in the past one quarter. The stock had hit a high of Rs 27.30 and a low of Rs 26.35 so far during the day. The stock hit a 52-week high of Rs 40.80 on 7 November 2016. The stock hit a 52-week low of Rs 20.55 on 16 August 2016.
The stock had underperformed the market over the past one month till 5 July 2017, falling 3.94% compared with 0.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 13.04% as against Sensex's 4.40% rise. The scrip had also underperformed the market in past one year, rising 3.40% as against Sensex's 15.01% rise.
The small-cap company has equity capital of Rs 939.38 crore. Face value per share is Rs 10.
With this order, Shriram EPC has marked its foray into the transportation business. The scope of this project includes design, manufacture, supply, erection, testing, commissioning, operating and maintenance of the second ropeway to the temple that will serve 1,200 people per hour, the company said in a statement.
Shriram EPC reported net loss of Rs 65.49 crore in Q4 March 2017 compared with net loss of Rs 198.28 crore in Q4 March 2016. Net sales rose 51.6% to Rs 211.80 crore in Q4 March 2017 over Q4 March 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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