Thermax rose 1.46% to Rs 647 at 10:01 IST on BSE after the company said it received an order worth approximately Rs 269 crore from a leading petrochemical company.
The announcement was made after market hours on Tuesday, 26 November 2013.
Meanwhile, the BSE Sensex was down 4.35 points, or 0.02%, to 20,420.67.
On BSE, 1142 shares were traded in the counter compared with average volume of 7,865 shares in the past one quarter.
The stock hit a high of Rs 654.35 and a low of Rs 646 so far during the day. The stock hit a 52-week high of Rs 684 on 22 February 2013. The stock hit a 52-week low of Rs 526 on 5 September 2013.
The stock had outperformed the market over the past one month till 25 November 2013, rising 3.27% compared with the Sensex's 0.38% fall. The scrip had also outperformed the market in past one quarter, gaining 18.12% as against Sensex's 11.26% rise.
The mid-cap company has an equity capital of Rs 23.83 crore. Face value per share is Rs 2.
Thermax said it received an order valued approximately Rs 269 crore for the design, engineering, manufacture, supply, erection and commissioning of three HRSGs (heat recovery steam generators) from a leading petrochemical company for its proposed captive power plant as a part of its expansion program.
Each HRSG generates 275 ton per hour (TPH) high pressure steam and 30 TPH low pressure steam for the customer's captive power and process requirements, the company said in a statement.
Thermax's net profit dropped 66.87% to Rs 30.16 crore on 13.85% fall in total income to Rs 1050.81 crore in Q2 September 2013 over Q2 September 2012.
Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.
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