Ujaas Energy rose 4.24% to Rs 24.60 at 12:10 IST on BSE after the company said it received a Rs 20.66 crore order for building a solar power plant at Aligarh Muslim University in Uttar Pradesh.
The announcement was made after market hours yesterday, 16 June 2016.Meanwhile, the BSE Sensex was 120.32 points, or 0.45%, to 26,643.28.
On BSE, so far 2.35 lakh shares were traded in the counter, compared with an average volume of 74.66 lakh shares in the past one quarter. The stock hit a high of Rs 25.80 and a low of Rs 24.50 so far during the day. The stock hit a 52-week high of Rs 31.90 on 6 January 2016. The stock hit a 52-week low of Rs 13.65 on 1 September 2015. The stock had outperformed the market over the past one month till 16 June 2016, rising rising 6.31% compared with 3.19% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 3.28% as against Sensex's 6.30% rise.
The small-cap company has an equity capital of Rs 20 crore. Face value per share is Re 1.
Ujaas Energy said it has received an order for designing, engineering, procurement & supply, construction & erection, testing & commissioning and comprehensive operation & maintenance for 10 years of 3 megawatts (AC) solar pv power plant on turnkey basis at Aligarh Muslim University, Firdaus Nagar, Aligarh, Uttar Pradesh. The contract is worth Rs 20.66 crore.
Net profit of Ujaas Energy rose 77.56% to Rs 13.85 crore on 234.18% rise in net sales to Rs 166.99 crore in Q4 March 2016 over Q4 March 2015.
Ujaas Energy is engaged in design of various products and solutions for producing clean energy.
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