TD Power Systems surged 9.11% at Rs 213.80 at 10:59 IST on BSE after the company won an order to supply 45 railway application generators from a major multi-national company for installation in North America.
The announcement was made after market hours yesterday, 29 August 2016.Meanwhile, the S&P BSE Sensex was up 214.05 points or 0.77% at 28,116.71
On BSE, so far 1.01 lakh shares were traded in the counter as against average daily volume of 4,957 shares in the past one quarter. The stock hit a high of Rs 225 and a low of Rs 208.45 so far during the day. The stock had hit a 52-week low of Rs 175 yesterday, 29 August 2016. The stock had hit a 52-week high of Rs 344 on 23 October 2015. The stock had underperformed the market over the past 30 days till 29 August 2016, falling 23.7% compared with 0.53% fall in the Sensex. The scrip also underperformed the market in past one quarter, sliding 10.11% as against Sensex's 4.63% rise.
The small-cap company has equity capital of Rs 33.24 crore. Face value per share is Rs 10.
T D Power Systems said that the supplies under the latest order would be completed between January 2017 and April 2017. The overseas order is an outcome of the successful trial run of five generators supplied earlier in February 2016 to the customer, TD Power Systems said. The company expects volumes to grow from this business in the forthcoming financial years, it said.
TD Power Systems reported a consolidated net loss of Rs 2.20 crore in Q1 June 2016, lower than net loss of Rs 4.67 crore in Q1 June 2015. Total income fell 18.04% to Rs 85.14 crore in Q1 June 2016 over Q1 June 2015.
TD Power Systems is engaged in the manufacturing of AC generators with output capacity in the range of 1 megawatt (MW) to 200 MW for prime movers, such as steam turbines, gas turbines, hydro turbines, diesel engines and gas and wind turbines. The company also manufactures special application generators for geo thermal and solar thermal applications.
Powered by Capital Market - Live News