MSR India moves up after winning order

MSR India gained 1.77% to Rs 40.20 at 14:40 IST on BSE after the company announced that it has bagged Rs 24 lakh work order from ISRO, Department of Space, Vikram Sarabhai Space Centre.

The announcement was made during market hours today, 26 April 2017.

Meanwhile, the S&P BSE Sensex was up 42.33 points, or 0.14%, to 29,985.37. The S&P BSE Small-Cap index was down 171.50 points, or 1.12%, to 15,208.39.

On the BSE, 34,309 shares were traded in the counter so far, compared with average daily volumes of 73,416 shares in the past one quarter. The stock had hit a high of Rs 41 and a low of Rs 38.65 so far during the day.

The stock had hit a 52-week high of Rs 148 on 29 April 2016. The stock had hit a 52-week low of Rs 28.20 on 13 April 2017.

It had outperformed the market over the past one month till 25 April 2017, gaining 5.19% compared with the Sensex's 1.77% rise. The scrip had also outperformed the market over the past one quarter, rising 10.18% as against the Sensex's 8.07% rise.

The small-cap company has equity capital of Rs 31.44 crore. Face value per share is Rs 5.

Net profit of MSR India jumped 212.5% to Rs 0.75 on 49.5% drop in net sales to Rs 22.87 crore in Q3 December 2016 over Q3 December 2015.

MSR India's product portfolio consists of copper bottles, ready-to-eat energy powder, FMCG products, extrusion and forging products. The company makes special purpose components for aerospace & defense industry.

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