Jaihind Projects was locked at 5% upper circuit at Rs 19.05 at 14:12 IST on BSE, after the company bagged an order worth Rs 114.83 crore.
The announcement was made on Tuesday, 8 April 2014, when the stock market was closed on account of Ram Navami.
Meanwhile, the S&P BSE Sensex was up 160.54 points or 0.72% to 22,503.99
On BSE, so far 1,094 shares were traded in the counter with pending buy orders of 9,496 shares at upper circuit. The stock has an average daily volume of 3,008 shares in the past one quarter.
The stock hit a high of Rs 19.05 and a low of Rs 18.95 so far during the day. The stock had hit a 52-week high of Rs 25.40 on 17 April 2013 and a 52-week low of Rs 11.48 on 14 March 2014.
The stock had outperformed the market over the past one month till 7 April 2014, surging 40.81% compared with the Sensex's 1.93% rise. The scrip had also outperformed the market in past one quarter, gaining 36.26% as against Sensex's 7.97% rise.
The small-cap company has an equity capital of Rs 9.76 crore. Face value per share is Rs 10.
Jaihind Projects on Tuesday, 8 April 2014 said that the company has bagged an EPC (Engineering, Procurement and Construction) order worth Rs 114.83 crore from Indian Oil Corporation for laying of mainline for Paradip-Haldia-Durgapur LPG Pipeline Project (PHDPL)-Group-A.
Jaihind Projects reported net loss of Rs 1.36 crore in Q3 December 2013, lower than net loss of Rs 18.40 crore in Q3 December 2012. Net sales rose 11% to Rs 68.66 crore in Q3 December 2013 over Q3 December 2012.
Jaihind Projects is Engineering, Procurement and Construction (EPC) turnkey company and currently nurturing projects that span across various segments such as oil and gas pipeline construction, city gas distribution, horizontal directional drilling, water transmission projects, cathodic protection, tankages and civil infrastructure.
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