Large order from IOCL boosts Punj Lloyd

Punj Lloyd jumped 6.2% to Rs 25.70 at 11:11 IST on BSE after the company said it has received a lump-sum turnkey contract worth Rs 1094 crore from Indian Oil Corporation.

The new order was announced during market hours today, 31 August 2015.

Meanwhile, the S&P BSE Sensex was up 2.12 points or 0.01% at 26,394.50.

On BSE, so far 6.39 lakh shares were traded in the counter as against average daily volume of 8.10 lakh shares in the past one quarter.

The stock hit a high of Rs 26.30 and a low of Rs 23.65 so far during the day. The stock had hit a 52-week high of Rs 45.20 on 10 September 2014. The stock had hit a record low of Rs 20.75 on 20 May 2015.

The stock had underperformed the market over the past one month till 28 August 2015, declining 7.1% compared with Sensex's 3.89% fall. The scrip had, however, outperformed the market in past one quarter, declining 1.02% as against Sensex's 4.05% fall.

The small-cap company has equity capital of Rs 66.42 crore. Face value per share is Rs 2.

Punj Lloyd announced receiving a lump-sum turnkey contract worth Rs 1094 crore for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation (IOCL).

Punj Lloyd reported a net loss of Rs 597.84 crore in Q1 June 2015, higher than net loss of Rs 363.92 crore in Q1 June 2014. Net sales dropped 41.1% to Rs 652.77 crore in Q1 June 2015 over Q1 June 2014.

Punj Lloyd Group is a diversified international conglomerate offering EPC services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.

Powered by Capital Market - Live News