Stone India hit an upper circuit limit of 5% at Rs 22.15 at 14:48 IST on BSE after the company said it won a contract worth Rs 83 crore from Delhi Metro Rail Corporation.
The company made the announcement during trading hours today, 8 May 2014.
Meanwhile, the BSE Sensex was up 26.86 points, or 0.12%, to 22,350.76.
On BSE, so far 20,000 shares were traded in the counter, compared with an average volume of 17,700 shares in the past one quarter.
The stock hit a high of Rs 22.15 and a low of Rs 21 so far during the day. The stock hit a 52-week high of Rs 23.90 on 26 March 2014. The stock hit a 52-week low of Rs 14 on 19 December 2013.
The stock had outperformed the market over the past one month till 7 May 2014, rising 3.69% compared with the Sensex's 0.09% fall. The scrip had also outperformed the market in past one quarter, rising 19.55% as against Sensex's 9.56% rise.
The small-cap company has an equity capital of Rs 7.60 crore. Face value per share is Rs 10.
Stone India, in consortium with South Korea's NRT Co., executed contract valued at Rs 83 crore for fitment of Platform Screen Door in 6 stations in Line 2 of Delhi Metro Rail Corporation (DMRC). The contract is scheduled to be executed by end of December 2015.
The company has been aggressively pursuing businesses outside Indian Railways in the recent past. This is the first major contract for the company outside Indian Railways, Stone India said in a statement.
On a consolidated basis, Stone India reported net loss of Rs 0.12 crore in Q3 December 2013 compared with net profit of Rs 0.04 crore in Q3 December 2012. Net sales fell 7.5% to Rs 22.63 crore in Q3 December 2013 over Q3 December 2012.
Stone India is engaged in manufacturing equipment for railways like alternators, air brakes and brake regulators. Apart from this, the company also manufactures color monitors and secondary components for the defense sector.
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