McNally Bharat Engineering Company rose 2.7% to Rs 60.80 at 11:21 IST on BSE after the company said it has secured a new order worth Rs 42.50 crore.
The announcement was made during trading hours today, 31 December 2013.
Meanwhile, the BSE Sensex was up 42.34 points, or 0.2%, to 21,185.35
On BSE, so far 16,613 shares were traded in the counter compared with average volume of 32,215 shares in the past one quarter.
The stock hit a high of Rs 61.40 and a low of Rs 58.70 so far during the day. The stock hit a 52-week high of Rs 104.70 on 9 January 2013. The stock hit a 52-week low of Rs 37 on 7 August 2013.
The stock had outperformed the market over the past one month till 30 December 2013, rising 5.34% compared with the Sensex's 1.69% rise. The scrip had also outperformed the market in past one quarter, gaining 12.02% as against Sensex's 9.10% rise.
The small-cap company has an equity capital of Rs 31.09 crore. Face value per share is Rs 10.
McNally Bharat Engineering Company secured an order for service and supply works of a water pre-treatment plant package for a power generation company for a value of Rs 42.50 crore. The contractual completion period is 30 months, the company said.
McNally Bharat Engineering Company's net profit slumped 80.9% to Rs 1.63 crore on 7.5% decline in net sales to Rs 474.56 crore in Q2 September 2013 over Q2 September 2012.
McNally Bharat Engineering Company is one of the leading engineering companies in India engaged in providing turnkey solutions in the areas of power, steel, aluminium, material handling, mineral beneficiation, pyroprocessing, pneumatic handling of powdered materials including fly ash handling and high concentrate disposal, coal washing, port cranes, cement, oil & gas, civic and industrial water supply, etc.
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