Srikalahasthi Pipes rose 7.51% to Rs 272 at 9:33 IST on BSE after the company said it bagged orders worth Rs 1053 crore in December 2015.
The announcement was made on Saturday, 26 December 2015.
Meanwhile, the BSE Sensex was up 114.73 points, or 0.44%, to 25,953.44.
On BSE, so far 24,000 shares were traded in the counter, compared with an average volume of 57,934 shares in the past one quarter.
The stock hit a high of Rs 275 and a low of Rs 269.60 so far during the day. The stock hit a record high of Rs 349 on 5 August 2015. The stock hit a 52-week low of Rs 69.15 on 26 December 2014.
The stock had underperformed the market over the past one month till 24 December 2015, sliding 11.69% compared with 0.24% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9.19% as against Sensex's 0.10% decline.
The small-cap company has an equity capital of Rs 39.76 crore. Face value per share is Rs 10.
Srikalahasthi Pipes said it received orders worth Rs 1053 crore during December 2015 for supply of ductile iron pipes. Out of these, orders worth Rs 891 crore are for Telangana Water Grid.
Net profit of Srikalahasthi Pipes rose 103.76% to Rs 37.35 crore on 14.61% rise in net sales to Rs 294.69 crore in Q2 September 2015 over Q2 September 2014.
Srikalahasthi Pipes (formerly Lanco Industries) manufactures ductile iron pipes.
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