Mishra Dhatu Nigam rises after finalising one order

Mishra Dhatu Nigam rose 2.65% to Rs 124 at 15:00 IST on BSE after the company said it has finalised one order worth about Rs 600 crore.

The announcement was made during trading hours today, 19 December 2018.

Meanwhile, the S&P BSE Sensex was up 173.78 points, or 0.48% to 36,520.86.

On the BSE, 67,000 shares were traded in the counter so far compared with average daily volumes of 14,000 shares in the past two weeks. The stock had hit a high of Rs 128 and a low of Rs 120 so far during the day. The stock hit a 52-week high of Rs 177 on 20 April 2018. The stock hit a 52-week low of Rs 86.35 on 4 April 2018.

The contract for the same is expected to be signed shortly, Mishra Dhatu Nigam said in a statement.

Net profit of Mishra Dhatu Nigam rose 7.48% to Rs 20.54 crore on 1.29% decline in net sales to Rs 113.90 crore in Q2 September 2018 over Q2 September 2017.

Mishra Dhatu Nigam (MIDHANI), a Government of India enterprises, is engaged in development, manufacture and supply of critical alloys and products.

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