Elecon Engineering Company jumped 5.71% to Rs 25 at 9:20 IST on BSE after the company said its subsidiary, Elecon EPC Projects, secured an order worth Rs 246.78 crore from NTPC.
The announcement was made after market hours on Monday, 24 February 2014.
Meanwhile, the BSE Sensex was up 81.15 points, or 0.39%, to 20,892.59.
On BSE, so far 15,000 shares were traded in the counter, compared with an average volume of 51,380 shares in the past one quarter.
The stock hit a high of Rs 25.50 and a low of Rs 24.50 so far during the day. The stock hit a 52-week high of Rs 38.75 on 11 March 2013. The stock hit a 52-week low of Rs 18.60 on 2 August 2013.
The stock had underperformed the market over the past one month till 24 February 2014, sliding 23.46% compared with the Sensex's 1.52% fall. The scrip had underperformed the market in past one quarter, falling 22.71% as against Sensex's 2.94% rise.
The small-cap company has an equity capital of Rs 21.79 crore. Face value per share is Rs 2.
Elecon Engineering Company said that its subsidiary company namely Elecon EPC Projects has been awarded a prestigious order from NTPC for ex-works (India) supply for coal handling plant package of Gadarwara Super Thermal Power Projects, stage - I (2x800 megawatts), aggregating worth of Rs 246.78 crore.
Net profit of Elecon Engineering Company declined 37.16% to Rs 4.43 crore on 44.20% decline in net sales to Rs 111.10 crore in Q3 December 2013 over Q3 December 2012.
Elecon Engineering Company manufactures sophisticated equipment for bulk material handling. The company is also into the design, manufacture, erection and commissioning of coal handling plants.
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