New order boosts Ujaas Energy

Ujaas Energy rose 4.69% to Rs 36.85 at 11:14 IST on BSE after the company said it has secured an order for commissioning of a solar power system of 50 Kwp at main office building of RBI at Bhopal in Madhya Pradesh.

The announcement was made after market hours on Friday, 4 November 2016.

Meanwhile, the S&P BSE Sensex was up 232.33 points or 0.85% at 27,506.48.

On BSE, so far 3.73 lakh shares were traded in the counter as against average daily volume of 3.71 lakh shares in the past one quarter. The stock hit a high of Rs 37.45 and a low of Rs 36 so far during the day. The stock had hit a 52-week high of Rs 40.20 on 3 November 2016. The stock had hit a 52-week low of Rs 15.60 on 9 November 2015. The stock had outperformed the market over the past one month till 4 November 2016, surging 50.11% compared with 3.74% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 57.49% as against Sensex's 1.59% fall.

The small-cap company has equity capital of Rs 20 crore. Face value per share is Re 1.

Ujaas Energy's net profit surged 196% to Rs 9.71 crore on 129.9% rise in net sales to Rs 121.15 crore in Q2 September 2016 over Q2 September 2015.

Ujaas Energy is engaged in design of various products and solutions for producing clean energy.

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