Techno Electric & Engineering gains after strong Q2 outcome

Techno Electric & Engineering Company rose 3.57% to Rs 304.70 at 11:41 IST after consolidated net profit surged 58.33% to Rs 70.60 crore on 44.26% increase in total income to Rs 373.71 crore in Q2 September 2016 over Q2 September 2015.

The result was announced on Saturday, 19 November 2016.

Meanwhile, the BSE Sensex was down 315.27 points , or 1.21%, to 25,834.97

On BSE, so far 49,000 shares were traded in the counter compared with average daily volume of 6,974 shares in the past one quarter. The stock hit a high of Rs 325.40 and a low of Rs 303 so far during the day. The stock hit a record high of Rs 360 on 1 August 2016. The stock hit a 52-week low of Rs 209.05 on 29 February 2016.

The mid-cap company has an equity capital of Rs 22.84 crore. Face value per share is Rs 2.

Techno Electric & Engineering Company said that the company's board of directors has considered and approved sale/disposal of 45 megawatts wind power assets of the company.

Techno Electric & Engineering Company provides high quality engineering, procurement and construction services to India's core sector industries, both in the public and private domain.

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