Stone India spurts after bagging new order

Stone India rose 10.30% to Rs 81.95 at 9:28 IST on BSE after the company said it bagged a Rs 28.70 crore order to install 9,090 units of bio-toilets to Government of Chattisgarh.

The announcement was made after market hours yesterday, 20 April 2016.

Meanwhile, the BSE Sensex was up 194 points, or 0.75%, to 26,038.18.

On BSE, so far 62,000 shares were traded in the counter, compared with an average volume of 48,552 shares in the past one quarter. The stock hit a high of Rs 83.90 and a low of Rs 80 so far during the day. The stock hit a 52-week high of Rs 105.40 on 5 January 2016. 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 20 April 2016, rising 26.15% compared with 3.57% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 3.77% as against Sensex's 7.41% rise.

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

Stone India said that it has bagged on 20 April 2016 an order for supply & installation of 9,090 units of bio-toilets to Government of Chattisgarh valuing Rs 28.70 crore via its business associate, Cranberry Westlink T & D Inc. This is the single largest order of bio toilets for Stone India.

Stone India reported net loss of to Rs 1.93 crore in Q3 December 2015 as against net loss of Rs 2.23 crore in Q3 December 2014. Net sales rose 2.18% to Rs 19.24 crore in Q3 December 2015 over Q3 December 2014.

Stone India is a multi-product engineering company located in Kolkata.

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