Jyoti jumps after securing order from DRN Infrastructure

Jyoti jumped 13.25% to Rs 70.50 at 10:10 IST on BSE after the company announced that is has secured an order worth Rs 139 crore from DRN Infrastructure, Hubli, Karnataka.

The announcement was made after market hours yesterday, 17 December 2015.

Meanwhile, the BSE Sensex was down 89.98 points, or 0.35%, to 25,718.42.

On BSE, so far 37,610 shares were traded in the counter, compared with an average volume of 39,453 shares in the past one quarter.

The stock hit a high of Rs 74 and a low of Rs 67.50 so far during the day. The stock had hit a 52-week high of Rs 87 on 24 June 2015. The stock had hit a 52-week low of Rs 49.85 on 20 March 2015.

The stock had outperformed the market over the past one month till 17 December 2015, rising 4.62% compared with Sensex's 0.23% fall. The scrip had, however, underperformed the market in past one quarter, dropping, 2.73% as against Sensex's 0.62% fall.

The small-cap company has equity capital of Rs 17.13 crore. Face value per share is Rs 10.

Jyoti said order is for design, manufacturing, supply, erection, testing and commissioning of five units of metallic volute pumps along with allied mechanical, electrical and instrumentation equipment, for TubchiBableshwar Lift Irrigation Scheme under Karnataka Neeravari Nigam.

Jyoti reported net loss of Rs 16.84 crore in Q2 September 2015 compared with net loss of Rs 23.16 crore in Q2 September 2014. Jyoti's net sales rose 38.9% to Rs 73.18 crore in Q2 September 2015 over Q2 September 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.

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