McNally Bharat gains after bulk deal

McNally Bharat Engineering Company rose 1.53% to Rs 96.45 at 12:51 IST on BSE after a bulk deal of 7.05 lakh shares was executed on the scrip at Rs 96 per share at 12:32 IST on BSE today, 19 November 2015.

Meanwhile, the BSE Sensex was up 300.56 points, or 1.18%, to 25,783.08

On BSE, so far 8.29 lakh shares were traded in the counter, compared with an average volume of 32,027 shares in the past one quarter.

The stock hit a high of Rs 96.60 and a low of Rs 95 so far during the day. The stock hit a 52-week high of Rs 114 on 2 February 2015. The stock hit a 52-week low of Rs 64.55 on 16 June 2015.

The stock had outperformed the market over the past one month till 18 November 2015, falling 1.25% compared with 6.36% fall in the Sensex. The scrip had also outperformed the market in past one quarter, declining 1.14% as against Sensex's 8.44% decline.

The small-cap company has an equity capital of Rs 50.59 crore. Face value per share is Rs 10.

McNally Bharat Engineering Company reported net loss of Rs 79.45 crore in Q2 September 2015, higher than net loss of Rs 8.33 crore in Q2 September 2014. Total income rose 31.4% to Rs 741.87 crore in Q2 September 2015 over Q2 September 2014.

McNally Bharat Engineering Company is a engineering company engaged in providing turnkey solutions in the areas of power, steel, aluminium, material handling, mineral beneficiation, pyroprocessing, pneumatic handling of powdered materials including fly ash handling and high concentrate disposal, coal washing, port cranes, cement, oil & gas, civic and industrial water supply etc.

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