Stone India gains over 7% in two sessions

Stone India rose 6.15% to Rs 95 at 15:04 IST on BSE, extending Friday's 1.47% rise triggered by the company bagging an order worth Rs 9.39 crore from Western Railway.

The announcement was made after market hours on Thursday, 26 November 2015. The stock has risen 7.71% in two trading sessions from Rs 88.20 on 26 November 2015.

Meanwhile, the BSE Sensex was up 10.17 points, or 0.04%, to 26,138.37.

On BSE, so far 2.39 lakh shares were traded in the counter, compared with an average volume of 43,493 shares in the past one quarter.

The stock hit a high of Rs 96.80 and a low of Rs 89.90 so far during the day. The stock hit a 52-week high of Rs 101 on 20 February 2015. The stock hit a 52-week low of Rs 41.10 on 3 June 2015.

The stock had outperformed the market over the past one month till 27 November 2015, rising 18.70% compared with 4.13% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 49.92% as against Sensex's 0.39% decline.

The small-cap company has an equity capital of Rs 9.60 crore. Face value per share is Rs 10.

Stone India said it has received an order worth Rs 9.39 crore from Western Railway for design, maintenance, supply, installation and commissioning of 18 units of passenger escalators.

Stone India reported net profit of Rs 0.68 crore in Q2 September 2015 compared with net loss of Rs 0.25 crore in Q2 September 2014. Net sales rose 29.7% to Rs 30.88 crore in Q2 September 2015 over Q2 September 2014.

Stone India is engaged in manufacturing equipment for railways like alternators, air brakes and brake regulators.

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