Kalpataru Power moves higher after securing new orders

Kalpataru Power Transmission rose 3.09% to Rs 230.50 at 15:21 IST on BSE after the company said it has secured new orders worth about Rs 809 crore.

The announcement was made during market hours today, 25 May 2016.

Meanwhile, the S&P BSE Sensex was up 589.01 points or 2.33% at 25,894.48.

On BSE, so far 24,000 shares were traded in the counter as against average daily volume of 17,407 shares in the past one quarter. The stock hit a high of Rs 234.35 and a low of Rs 222.85 so far during the day. The stock had hit a 52-week high of Rs 291.80 on 6 August 2015. The stock had hit a 52-week low of Rs 160 on 12 February 2016. The stock had outperformed the market over the past one month till 24 May 2016, surging 5.03% compared with Sensex's 2.06% fall. The scrip had also outperformed the market in past one quarter, jumping 32.31% as against Sensex's 9.6% rise.

The mid-cap company has equity capital of Rs 30.69 crore. Face value per share is Rs 2.

Kalpataru Power Transmission's net profit fell 7% to Rs 38.11 crore on 24.5% decline in net sales to Rs 856.48 crore in Q3 December 2015 over Q3 December 2014.

Kalpataru Power Transmission is a turnkey player in power, infrastructure and asset creation.

Powered by Capital Market - Live News