BGR Energy gains after securing new orders

BGR Energy Systems rose 1.57% to Rs 119.80 at 15:15 IST on BSE after the company said it has recently won two large value contracts aggregating to Rs 650 crore for water treatment projects.

The announcement was made during market hours today, 4 January 2017.

Meanwhile, the S&P BSE Sensex was down 5.21 points or 0.02% at 26,648.45.

On the BSE, 43,000 shares were traded on the counter so far as against the average daily volumes of 40,188 shares in the past one quarter. The stock had hit a high of Rs 121.55 and a low of Rs 117.75 so far during the day.

The stock had hit a 52-week high of Rs 138.80 on 6 January 2016 and a 52-week low of Rs 89.40 on 12 February 2016. It had outperformed the market over the past one month till 3 January 2017, advancing 4.66% compared with the Sensex's 1.57% rise. The scrip had also outperformed the market over the past one quarter gaining 4.84% as against the Sensex's 5.67% fall.

The small-cap company has equity capital of Rs 72.16 crore. Face value per share is Rs 10.

With the latest orders, BGR Energy Systems now carries an order book of Rs 10425 crore.

BGR Energy Systems' net profit rose 35.4% to Rs 10.70 crore on 0.4% decline in net sales to Rs 824.66 crore in Q2 September 2016 over Q2 September 2015.

BGR Energy Systems is a leading engineering, procurement and construction (EPC) and balance of plant (BoP) engineering and contracting company for power projects in India.

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