McNally Bharat gains after order win

McNally Bharat Engineering Company rose 2.56% to Rs 92.20 at 12:57 IST on BSE after the company said it received an order worth approximately Rs 305.13 crore for constructing water system for a thermal power project.

The announcement was made during trading hours today, 8 October 2014.

Meanwhile, the BSE Sensex was down 5.15 points, or 0.02%, to 26,266.82.

On BSE, so far 46,000 shares were traded in the counter, compared with an average volume of 79,351 shares in the past one quarter.

The stock hit a high of Rs 94.65 and a low of Rs 90 so far during the day. The stock hit a 52-week high of Rs 111.90 on 1 September 2014. The stock hit a 52-week low of Rs 46.60 on 26 February 2014.

The stock had underperformed the market over the past one month till 7 October 2014, falling 15.07% compared with 2.79% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 6.40% as against Sensex's 0.66% rise.

The small-cap company has an equity capital of Rs 31.09 crore. Face value per share is Rs 10.

McNally Bharat Engineering Company reported net loss of Rs 14.32 crore in Q1 June 2014 as against net profit of Rs 4.18 crore in Q1 June 2013. Net sales declined 7.59% to Rs 409.06 crore in Q1 June 2014 over Q1 June 2013.

McNally Bharat Engineering Company is one of the leading engineering companies in India engaged in providing turnkey solutions in the areas of power, steel, aluminium, material handling, mineral beneficiation, pyroprocessing, pneumatic handling of powdered materials.

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