New orders boost JMC Projects (India)

JMC Projects (India) rose 7.43% to Rs 217 at 12:37 IST on BSE after the company said it has recently secured new orders worth over Rs 930 crore.

The announcement was made after market hours yesterday, 21 March 2016.

Shares of Kalpataru Power Transmission (KPTL) were up 5.36% at Rs 205.35. JMC Projects (India) is a subsidiary of KPTL.

Meanwhile, the S&P BSE Sensex was down 78.32 points or 0.31% at 25,207.05.

On BSE, so far 29,000 shares of JMC Projects (India) exchanged hands compared with average daily volume of 6,580 shares in the past one quarter. The stock hit a high of Rs 223.50 and a low of Rs 213 so far during the day. The stock had hit a 52-week high of Rs 282.17 on 28 July 2015. The stock had hit a 52-week low of Rs 161.66 on 14 May 2015.

The small-cap company has equity capital of Rs 33.58 crore. Face value per share is Rs 10.

JMC Projects (India)'s net profit rose 41.4% to Rs 6.52 crore on 3.2% growth in net sales to Rs 571.40 crore in Q3 December 2015 over Q3 December 2014.

JMC Projects (India), a subsidiary of Kalpataru Power Transmission, is one of the leading contracting companies in India.

Powered by Capital Market - Live News