 "ABC India surges 19% on order win of Rs 1,419 million from BHEL")
ABC India surged 19% to Rs 109 on the BSE in intra-day trade after the company announced that it has been awarded an order of Rs 1,419 million from the state-owned company BHEL.
The order is for multimodal transportation of export project cargo from India to the MSTPP Rampal Project in Bangladesh, ABC India said in a regulatory filing.
The details of the aforesaid order will be intimated shortly, it added.
Since February 12, 2018, the stock had underperformed the market by falling 13%, as compared to 0.13% gain in the S&P BSE Sensex till Tuesday. The company posted a net loss of Rs 23 million in December 2017 quarter against a profit of Rs 11 million September 2017 quarter. It had loss of Rs 28 million in December 2016 quarter.
At 01:50 pm; the stock was trading 18% higher at Rs 108, against 0.65% decline in the benchmark index. Around 30,000 equity shares changed hands so far as compared 3,658 shares were traded daily in past two weeks.
The order is for multimodal transportation of export project cargo from India to the MSTPP Rampal Project in Bangladesh, ABC India said in a regulatory filing.
The details of the aforesaid order will be intimated shortly, it added.
Since February 12, 2018, the stock had underperformed the market by falling 13%, as compared to 0.13% gain in the S&P BSE Sensex till Tuesday. The company posted a net loss of Rs 23 million in December 2017 quarter against a profit of Rs 11 million September 2017 quarter. It had loss of Rs 28 million in December 2016 quarter.
At 01:50 pm; the stock was trading 18% higher at Rs 108, against 0.65% decline in the benchmark index. Around 30,000 equity shares changed hands so far as compared 3,658 shares were traded daily in past two weeks.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%