ABC India was up 10.36% to Rs 60.70 at 12:52 IST on the BSE after the company said it received a Rs 137.70 crore order from Bharat Heavy Electricals.
The announcement was made after market hours on Friday, 28 June 2019.
Meanwhile, the S&P BSE Sensex was up by 285.33 points, or 0.72% to 39,679.97.
On the BSE, 13,000 shares were traded in the counter so far compared with average daily volumes of 706 shares in the past two weeks. The stock had hit a high of Rs 63.50 and a low of Rs 58 so far during the day. It hit a 52-week high of Rs 86.45 on 7 August 2018 and a 52-week low of Rs 44.05 on 1 October 2018.
The order is for multimodal transportation of export project cargo from Chennai port to MSTPP Rampal project site in Bangladesh.
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ABC India reported net profit of Rs 3.50 crore in Q4 March 2019 compared with net loss of Rs 0.98 crore in Q4 March 2018. Net sales rose 116.4% to Rs 63.78 crore in Q4 March 2019 over Q4 March 2018.
ABC India's business segments include infrastructure logistics, transportation, freight forwarding & logistics and warehousing.
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