Isgec Heavy Engineering shares advance 12% on heavy volumes

On December 17, the company announced that it has secured a new order valued at Rs 431 crore

Shares of Isgec Heavy Engineering rallied 12 per cent to Rs 344 on the BSE in intra-day trade on Thursday on the back of heavy volumes.

At 01:23 pm, the stock was trading 10 per cent higher at Rs 337, as compared to 0.06 per cent rise in the S&P BSE Sensex. Around 655,000 equity shares, representing 0.88 per cent of total equity of the industrial machinery manufacturer, have changed hands on the BSE, so far. On an average 138,000 equity shares were traded daily in past two weeks, data shows.

In the month of December, the stock