McNally Bharat Engineering Company jumped 10.59% to Rs 100.75 at 11:15 IST on BSE after the company allotted 25 lakh shares to Rekha Rakesh Jhunjhunwala for Rs 25 crore and 20 lakh shares to Williamson Magor & Co for Rs 20 crore.
Meanwhile, the BSE Sensex was up 254.77 points, or 0.86%, to 29,848.50.
On BSE, so far 2.43 lakh shares were traded in the counter, compared with an average volume of 55,320 shares in the past one quarter.
The stock hit a high of Rs 104.95 and a low of Rs 98.50 so far during the day. The stock hit a 52-week high of Rs 114 on 2 February 2015. The stock hit a 52-week low of Rs 47 on 3 March 2014.
The stock had underperformed the market over the past one month till 3 March 2015, falling 11.17% compared with 2.05% rise in the Sensex. The scrip had, also, underperformed the market in past one quarter, rising 2.53% as against Sensex's 4.05% 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 that the allotment committee of the company at its meeting held yesterday, 3 March 2015 allotted 25 lakh shares to Rekha Rakesh Jhunjhunwala for Rs 25 crore and 20 lakh shares to Williamson Magor & Co for Rs 20 crore.
McNally Bharat Engineering Company reported net loss of Rs 32.83 crore in Q3 December 2014 compared with net profit of Rs 2.38 crore Q3 December 2013. Total income fell 12.7% to Rs 459.90 crore in Q3 December 2014 over Q3 December 2013.
McNally Bharat Engineering Company is a engineering company 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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