Gravita India rose 1.14% to Rs 181.20 at 10:06 IST on BSE after the company said it received orders worth Rs 250 crore from Luminous Power Technologies.
The announcement was made during trading hours today, 17 January 2018.Meanwhile, the S&P BSE Sensex was up 114.98 points, or 0.33% to 34,886.03.
On the BSE, 46,000 shares were traded in the counter so far, compared with average daily volumes of 1.41 lakh shares in the past two weeks. The stock had hit a high of Rs 184.65 and a low of Rs 174.30 so far during the day. The stock hit a 52-week high of Rs 193.85 on 12 January 2018. The stock hit a 52-week low of Rs 41.05 on 20 January 2017.
Gravita India said that the order will help the company to strengthen its top line and bottom line in financial year ending March 2019. The said order will be executed during 2018.
On a consolidated basis, net profit of Gravita India rose 48.74% to Rs 14.22 crore on 45.02% rise in net sales to Rs 224.67 crore in Q2 September 2017 over Q2 September 2016.
Gravita India is one of the largest lead producer in India. The company is dedicated to lead & lead products with environment friendly process.
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