JMC Projects (India) rose 5.15% to Rs 607.25 at 09:45 IST on BSE after the company said it has secured new orders of Rs 790 crore.
The announcement was made after market hours on Friday, 15 December 2017.Meanwhile, the S&P BSE Sensex was down 110.73 points, or 0.33% to 33,352.24.
On the BSE, 5,783 shares were traded in the counter so far, compared with average daily volumes of 8,518 shares in the past two weeks. The stock had hit a high of Rs 620 and a low of Rs 575.45 so far during the day. The stock hit a record high of Rs 663.40 on 12 December 2017. The stock hit a 52-week low of Rs 200.40 on 26 December 2016.
S. K. Tripathi, CEO & Deputy Managing Director, JMC Projects (India), said, the company's water pipeline and irrigation segment within the infrastructure business continues to build on with these orders and strengthens its belief of long term scalability. On the back of a solid order book, the company is confident of exceeding its revenue growth guidance for FY 2018.
Net profit of JMC Projects (India) rose 109.5% to Rs 25.24 crore on 24.2% rise in net sales to Rs 659.22 crore in Q2 September 2017 over Q2 September 2016.
JMC Projects (India) is a prominent engineering and construction services company.
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