Ujaas Energy rose 1.98% to Rs 23.20 at 11:01 IST on BSE, extending previous day's gain triggered by the company securing an order from Rashtriya Ispat Nigam with combined cost of about Rs 34.73 crore.
Meanwhile, the S&P BSE Sensex was up 126.82 points or 0.51% at 24,804.19
On BSE, so far 47,000 shares were traded in the counter as against average daily volume of 4.17 lakh shares in the past one quarter. The stock hit a high of Rs 24.40 and a low of Rs 22.85 so far during the day. The stock had hit a 52-week high of Rs 31.90 on 6 January 2016. The stock had hit a 52-week low of Rs 13.60 on 12 June 2015. The stock had underperformed the market over the past one month till 17 March 2016, falling 5.21% compared with 5.54% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 11.25% as against Sensex's 4.37% fall.
The small-cap company has equity capital of Rs 20 crore. Face value per share is Re 1.
Shares of Ujaas Energy had gained 3.64% to settle at Rs 22.75 yesterday, 17 March 2016 after the company announced during market hours that it has bagged an order to establish and operation and maintenance (O&M) of solar photovoltaic power plant of 5 megawatt capacity from Rashtriya Ispat Nigam Visakhapatnam steel plant. The stock gained 5.69% in two trading days from its close of Rs 21.95 on 16 March 2016.
Ujaas Energy's net profit rose 301.7% to Rs 2.33 crore on 549.6% growth in net sales to Rs 45.67 crore in Q3 December 2015 over Q3 December 2014.
Ujaas Energy is engaged in design of various products and solutions for producing clean energy.
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