Jyoti gains after bagging order from GETCO

Jyoti rose 3.9% to Rs 80 at 11:40 IST on BSE after the company announced that the switchgear division of the company has bagged prestigious order from Gujarat Energy Transmission Corporation, Vadodara, India.

The announcement was made after market hours yesterday, 21 July 2015.

Meanwhile, the BSE Sensex was up 221.53 points, or 0.79%, to 28,403.67.

On BSE, so far 3,766 shares were traded in the counter, compared with an average volume of 7,331 shares in the past one quarter.

The small-cap stock hit a high of Rs 85 and a low of Rs 79.25 so far during the day. The stock had hit a 52-week high of Rs 94 on 8 September 2014. The stock had hit a 52-week low of Rs 49.85 on 20 March 2015.

Jyoti announced that the switchgear division of the company has bagged prestigious order against stiff competition from Gujarat Energy Transmission Corporation (GETCO), Vadodara, India for supply of about 400 nos. various types of 11 kV VCB panels valued at Rs 14.92 crore. The order is to be executed in 6 months time.

Jyoti reported net loss of Rs 40.70 crore in Q4 March 2015 compared with net loss of Rs 49.43 crore in Q4 March 2014. Total income fell 26.1% to Rs 69.05 crore in Q4 March 2015 over Q4 March 2014.

The Jyoti Group of Companies is a conglomeration of industrial units involved in manufacturing and marketing a wide range of electrical and hydraulic engineering equipment.

Powered by Capital Market - Live News