JMC Projects (India) rose 10.07% to Rs 229 at 9:58 IST on BSE after the company said it secured new orders worth over Rs 1457 crore.
The announcement was made after market hours yesterday, 28 December 2016.Meanwhile, the BSE Sensex was up 14.42 points, or 0.06%, to 26,225.10.
On the BSE, so far 48,000 shares were traded in the counter, compared with average daily volumes of 5,287 shares in the past one quarter. The stock had hit a high of Rs 240 and a low of Rs 226.50 so far during the day.
The stock hit a 52-week high of Rs 288 on 25 July 2016. The stock hit a 52-week low of Rs 175 on 29 February 2016. The stock had outperformed the market over the past 30 days till 28 December 2016, rising 1% compared with the 0.69% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 11.35% as against Sensex's 5.81% decline.
The small-cap civil engineering and engineering, procurement and construction (EPC) company has equity capital of Rs 33.58 crore. Face value per share is Rs 10.
JMC Projects (India) (JMC) won shipyard modernisation project in Goa worth approximately Rs 454 crore; a flyover project in Maharashtra worth approximately Rs 446 crore; a commercial project in Hyderabad worth approximately Rs 282 crore; a residential project in Bangalore worth approximately Rs 224 crore; and an educational building project in Arnravati (Andhra Pradesh) worth Rs 51 crore.
Net profit of JMC Projects (India) declined 8.9% to Rs 12.05 on 10.3 decline in net sales to Rs 530.87 crore in Q2 September 2016 opver Q2 September 2015.
JMC Projects (India) is one of the leading civil EPC company.
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