Shriram EPC jumps on order win

Shriram EPC surged 10.67% to Rs 30.60 at 9:28 IST on BSE after the company said it has bagged an order worth Rs 84 crore from drinking water & sanitation department, Government of Jharkhand.

The announcement was made after market hours yesterday, 23 January 2018.

Meanwhile, the S&P BSE Sensex was up 91.84 points or 0.25% at 36,231.82. The S&P BSE Small-Cap index advanced 0.08%, underperforming the Sensex.

On the BSE, 1.90 lakh shares were traded on the counter so far as against average daily volumes of 1.24 lakh shares in the past one quarter. The stock had hit a high of Rs 32 and a low of Rs 30.50 so far during the day. The stock had hit a 52-week high of Rs 33.90 on 27 December 2017 and a record low of Rs 17.20 on 18 October 2017.

The small-cap company has equity capital of Rs 971.53 crore. Face value per share is Rs 10.

Shriram EPC reported a consolidated net profit of Rs 13.62 crore in Q2 September 2017, compared with net loss of Rs 21.95 crore in Q2 September 2016. Net sales rose 173.1% to Rs 218.69 crore in Q2 September 2017 over Q2 September 2016.

Shriram EPC is one of the leading service providers of integrated design, engineering, procurement, construction and project management services for medium to large infrastructure projects in water & sewerage, renewable energy, process and metallurgical plants and municipal service sector projects throughout India.

Powered by Capital Market - Live News