Punj Lloyd surged 8.52% to Rs 29.30 at 12:04 IST on BSE after the company said it has secured a tankage order worth Rs 477 crore from Mitsubishi Heavy Industries of Japan.
The announcement was made during market hours today, 3 August 2015.
Meanwhile, the S&P BSE Sensex was up 109.80 points or 0.39% at 28,224.36.
The stock spurted on heavy volumes. On BSE, so far 15.58 lakh shares were traded in the counter as against average daily volume of 8.07 lakh shares in the past one quarter.
The stock hit high of Rs 29.60 and low of Rs 27 so far during the day. The stock had hit a 52-week high of Rs 45.20 on 10 September 2014. The stock had hit a 52-week low of Rs 20.75 on 20 May 2015.
The stock had outperformed the market over the past one month till 31 July 2015, advancing 10.43% compared with Sensex's 1.2% rise. The scrip had, however, underperformed the market in past one quarter, sliding 6.41% as against Sensex's 4.08% rise.
The small-cap company has equity capital of Rs 66.42 crore. Face value per share is Rs 2.
With the latest order win, Punj Lloyd Group's order backlog reached Rs 22171 crore, the company said. The order backlog is the value of unexecuted orders on 31 March 2015 plus new orders received after that date.
Punj Lloyd reported a net profit of Rs 268.53 crore in Q4 March 2015 as against net profit of Rs 0.05 crore in Q4 March 2014. Net sales dropped 38.3% to Rs 1248.74 crore in Q4 March 2015 over Q4 March 2014.
The Punj Lloyd Group is a diversified international conglomerate offering engineering, procurement and construction (EPC) services in Energy and Infrastructure along with engineering ana manufacturing capabilities in the Defence sector.
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