Petron Engineering Construction rose 5.46% to Rs 233.80 at 9:38 IST on BSE after the company said it bagged an order worth Rs 75 crore from JSW Cement.
The announcement was made after market hours yesterday, 29 December 2015.
Meanwhile, the BSE Sensex was up 27.52 points, or 0.11%, to 26,107.
On BSE, so far 3,147 shares were traded in the counter, compared with an average volume of 1,527 shares in the past one quarter.
The stock hit a high of Rs 235.20 and a low of Rs 230 so far during the day. The stock hit a 52-week high of Rs 313.80 on 23 April 2015. The stock hit a 52-week low of Rs 142.35 on 9 February 2015.
The stock had outperformed the market over the past one month till 29 December 2015, rising 20.42% compared with 0.19% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 19.19% as against Sensex's 1.17% rise.
The small-cap company has an equity capital of Rs 7.54 crore. Face value per share is Rs 10.
Petron Engineering Construction said that it received letter of intent from JSW Cement (JSWCL) for civil and structural work for 2x1.2 million tonnes per annum (MTPA) GGBS grinding unit at JSWCL, Salboni, West Bengal for a total contract price of Rs 75 crore.
Petron Engineering Construction reported net profit of Rs 1.02 crore in Q2 September 2015 as against net loss of Rs 5.64 crore in Q2 September 2014. Net sales rose 10.79% to Rs 113.33 crore in Q2 September 2015 over Q2 September 2014.
Petron Engineering Construction executes projects in diversified sectors like refineries (reformers and crackers), oil & gas, power, cement, fertilizer & petrochemical including specialized insulation & refractory work, fabrication work along with electrical & instrumentation work.
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