Thermax rose 3.48% to Rs 1,249.10 at 10:23 IST on BSE after the company said it has concluded an Rs 327 crore order from a public-sector company based in Western India.
The announcement was made after market hours yesterday, 1 January 2018.Meanwhile, the S&P BSE Sensex was down 14.96 points or 0.04% at 33,797.79.
On the BSE, 4,573 shares were traded on the counter so far as against average daily volumes of 18,027 shares in the past one quarter. The stock had hit a high of Rs 1,270 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 1,243.10 so far during the day. The stock had hit a 52-week low of Rs 737.50 on 2 January 2017.
The stock had outperformed the market over the past one month till 1 January 2018, gaining 9.58% compared with the Sensex's 2.98% rise. The stock had also outperformed the market over the past one quarter, advancing 27.96% as against the Sensex's 8.08% rise. The scrip had also outperformed the market over the past one year, surging 61.87% as against the Sensex's 26.99% rise.
The large-cap company has equity capital of Rs 23.83 crore. Face value per share is Rs 2.
Thermax has concluded an Rs 327 crore order from a public-sector company based in Western India for its upcoming chemical plant. The order is for a BTG (boiler-turbine-generator) package on engineering, procurement and construction (EPC) basis for their co-generation plant of 130 megawatts capacity.
On a consolidated basis, Thermax's net profit fell 27.4% to Rs 56.83 crore on 3.5% decline in net sales to Rs 1033.10 crore in Q2 September 2017 over Q2 September 2016.
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Thermax Group provides integrated solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemical.
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