Jyoti Structures gains ground on MSEB order

Dalal Street Spikes

 The counter moved up following reports that the company has received a Rs 42 crore for the Nagpur rural circle on a turnkey basis from the Maharashtra State Electricity Board. The counter has seen its price on the bourses rise in recent times.

 The counter has also benefited from the broad rally in the power sector. The power sector has attracted good buying interest on the back of the new Electricity Act 2003 which analysts expect will entail well for the industry.

 For Q2 September 2003, Jyoti Structures reported a net profit of Rs 1.48 crore, as against a loss of Rs 3.14 crore in the corresponding quarter last year.