Petron Engineering hits the roof after stellar Q3 result

Petron Engineering Construction was locked in 20% upper circuit at Rs 193.80 at 15:10 IST on BSE, after net profit surged 4024.2% to Rs 13.61 crore on 45.6% growth in total income to Rs 129.43 crore in Q3 December 2014 over Q3 December 2013.

The result was announced on Saturday, 14 February 2015.

Meanwhile, the S&P BSE Sensex was up 25.75 points or 0.09% at 29,120.68

On BSE, so far 2,945 shares were traded in the counter with pending buy orders of 21,193 shares at upper circuit. The stock has an average daily volume of 956 shares in the past one quarter.

The stock opened with an upward gap, surging by the maximum 20% daily circuit and remained locked at the 20% level at Rs 193.80 so far in the day, also its 52-week high. The stock had hit a 52-week low of Rs 80 on 18 February 2014.

The small-cap company has equity capital of Rs 7.54 crore. Face value per share is Rs 10.

Petron Engineering Construction executes projects in diversified sectors like refineries (reformers and crackers), oil & gas, power, cement, fertilizer & petrochemical including specialized insulation & refractory work, fabrication work along with electrical & instrumentation work.

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