Ujaas Energy rose 2.01% to Rs 38.10 at 14:46 IST on BSE, extending recent gains triggered by robust Q2 September 2016 results and an order win from Airport Authority of India.
Meanwhile, the BSE Sensex was down 15.63 points, or 0.06%, to 27,511.59.
On BSE, so far 13.53 lakh shares were traded in the counter, compared with average daily volume of 3.27 lakh shares in the past one quarter. The stock hit a high of Rs 40.20 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 37.80 so far during the day. The stock hit a 52-week low of Rs 15.60 on 9 November 2015. The stock had outperformed the market over the past 30 days till 2 November 2016, rising 59.28% compared with the 2.85% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 67.11% as against Sensex's 0.68% decline.
The small-cap company has equity capital of Rs 20 crore. Face value per share is Re 1.
Shares of Ujaas Energy have risen 52.10% in five trading sessions from a recent closing low of Rs 25.05 on 27 October 2016.
On 1 November 2016, Ujaas Energy announced receiving an order for design, manufacture, supply, erection, testing and commissioning of rooftop grid connected solar PV system of 158 Kwp from Airports Authority of India VSI Airport, Port Blair, Andaman & Nicobar. Monetary details of the deal were not disclosed. On that day, the stock jumped 11.82% to end at Rs 34.05.
On a special Mahurat trading session on 30 October 2016, the stock surged 21.56% to Rs 30.45 after the company said its net profit surged 196% to Rs 9.71 crore on 129.9% rise in net sales to Rs 121.15 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Friday, 28 October 2016.
Ujaas Energy is engaged in design of various products and solutions for producing clean energy.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
