Power Mech Projects rose 5.83% to Rs 793.25 at 12:49 IST on BSE after the company said it received various work orders aggregating to Rs 381 crore.
The announcement was made during trading hours today, 21 November 2017.Meanwhile, the S&P BSE Sensex was up 204.33 points, or 0.61% to 33,564.23.
On the BSE, 9,234 shares were traded in the counter so far, compared with average daily volumes of 4,551 shares in the past one quarter. The stock had hit a high of Rs 803 and a low of Rs 750 so far during the day. The stock hit a record high of Rs 811 on 3 November 2017. The stock hit a record low of Rs 389.95 on 10 March 2017.
The stock had outperformed the market over the past 30 days till 20 November 2017, rising 33.76% compared with 2.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 42.34% as against Sensex's 6.61% rise. The scrip had also outperformed the market in past one year, rising 71.33% as against Sensex's 29.48% rise.
The small-cap company has equity capital of Rs 14.71 crore. Face value per share is Rs 10.
On a consolidated basis, net profit of Power Mech Projects rose 6.78% to Rs 17.02 crore on 6.30% rise in net sales to Rs 345.19 crore in Q2 September 2017 over Q2 September 2016.
Power Mech Projects is an engineering and construction company providing versatile and comprehensive service in power and infrastructure industries.
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