McNally Bharat Engineering Company rose 1.78% to Rs 59.90 at 14:39 IST on BSE after the company said that it received an order worth Rs 209.84 crore from a thermal power producer for operation and maintenance of coal handling plant.
The announcement was made during trading hours today, 9 December 2013.
Meanwhile, the BSE Sensex was up 324.67 points, or 1.55%, to 21,321.20.
On BSE, 74,000 shares were traded in the counter compared with average volume of 32,923 shares in the past one quarter.
The stock hit a high of Rs 62.35 and a low of Rs 58.65 so far during the day. The stock hit a 52-week high of Rs 105 on 19 December 2012. The stock hit a 52-week low of Rs 37 on 7 August 2013.
The stock had underperformed the market over the past one month till 6 December 2013, sliding 11.24% compared with the Sensex's 0.49% rise. The scrip had, however, outperformed the market in past one quarter, rising 11.67% as against Sensex's 8.96% 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 said it received an order for comprehensive operation and maintenance of coal handling plant for a thermal power plant for a value of Rs 209.84 crore for a period of five years.
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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