MSR India rose 2.16% to Rs 52 at 14:19 IST on BSE after the company said it bagged an order worth Rs 50 lakh from Vikram Sarabhai Space Centre.
The announcement was made during trading hours today, 19 December 2016.Meanwhile, the BSE Sensex was down 58.42 points, or 0.22%, to 26,431.14.
On the BSE, so far 2,398 shares were traded in the counter, compared with average daily volumes of 21,214 shares in the past one quarter. The stock had hit a high of Rs 52.15 and a low of Rs 51 so far during the day.
The stock hit a 52-week high of Rs 150 on 20 April 2016. The stock hit a 52-week low of Rs 35.10 on 30 November 2016. The stock had underperformed the market over the past 30 days till 16 December 2016, sliding 15.87% compared with the 1% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 24.14% as against Sensex's 7.38% decline.
The small-cap company has equity capital of Rs 31.44 crore. Face value per share is Rs 5.
MSR India said it secured prestigious Vikram Sarabhai Space Centre (ISRO) order for manufacturing special purpose components. The company bagged this contract for second time after completing its first order in a record time.
After entering into aerospace & defense sector, this is a biggest achievement for the company to bag consecutive order from ISRO. The company said it expects to generate huge revenue from these work orders.
Net profit of MSR India rose 137.5% to Rs 0.19 on 9.7% rise in net sales to Rs 41.69 crore in Q2 September 2016 over Q2 September 2015.
MSR India's product portfolio consists of copper bottles, ready-to-eat energy powder, FMCG products, extrusion and forging products. The company makes special purpose components for aerospace & defense industry.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
