Artson Engineering rose 2.57% to Rs 43.85 at 10:35 IST on BSE, after the company bagged an order worth Rs 8.61 crore from Cairn India.
The company announced the new order win after market hours on Thursday, 31 July 2014.
Meanwhile, the BSE Sensex was down 137.87 points, or 0.53%, to 25,757.10
On BSE, so far 5,190 shares were traded in the counter as against an average daily volume of 14,510 shares in the past one quarter.
The stock hit a 52-week high of Rs 45 in intraday trade today, 1 August 2014. The stock hit a low of Rs 40.05 so far during the day. The stock had hit 52-week low of Rs 11.51 on 8 August 2013.
The stock had outperformed the market over the past one month till 30 July 2014, rising 27.78% compared with 2.65% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 9.67% as against Sensex's 16.37% rise.
The small-cap company has an equity capital of Rs 3.69 crore. Face value per share is Re 1.
Artson Engineering said that the company has received a letter of award (LOA) from Cairn India. The company's scope of works includes procurement, construction, installation and commissioning of crude oil storage tank at Hazira, Gujarat and the estimated order value is Rs 8.61 crore, Artson Engineering said.
Artson Engineering reported net loss of Rs 0.44 crore in Q1 June 2014, lower than net loss of Rs 1.36 crore in Q1 June 2013. Net sales rose 3.6% to Rs 18.77 crore in Q1 June 2014 over Q1 June 2013.
Artson Engineering is a project engineering company. It offers multi-disciplinary design and construction services in the mechanical, civil, electrical and instrumentation fields. It offers turnkey services in petroleum storage and handling systems, plant utilities, diesel power houses, CPP, energy conservation, waste-heat recovery and noise pollution control systems.
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