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Order win boosts Ujaas Energy counter

Capital Market 

Ujaas Energy rose 2.58% to Rs 23.85 at 13:00 IST on BSE after the company won order for grid interactive rooftop & small solar PV power plant of upto 5Kwp.

The announcement was made on Saturday, 15 October 2016.

Meanwhile, the BSE Sensex was down 117.17 points, or 0.42%, to 27,556.43.

On BSE, so far 1.72 lakh shares were traded in the counter, compared with an average volume of 1.64 lakh shares in the past one quarter. The stock hit a high of Rs 24.45 and a low of Rs 23.60 so far during the day. The stock hit a 52-week high of Rs 31.90 on 6 January 2016. The stock hit a 52-week low of Rs 15.60 on 9 November 2015. The stock had underperformed the market over the past one month till 14 October 2016, falling 2.72% compared with Sensex's 2.46% fall. The scrip had also underperformed the market in past one quarter, dropping 6.63% as against Sensex's 0.96% decline.

The small-cap company has an equity capital of Rs 20 crore. Face value per share is Re 1.

Ujaas Energy announced that it received an order for design, manufacture, supply, erection, testing and commissioning of grid interactive rooftop and small solar PV power plants on 364 houses with a capacity of 4 & 5 Kwp at various locations in two districts of Uttarakhand from Uttarakhand Renewable Energy Development Agency.

Net profit of Ujaas Energy jumped 407% to Rs 7.25 crore on 695.4% rise in net sales to Rs 93.70 crore in Q1 June 2016 over Q1 June 2015.

Ujaas Energy is engaged in design of various products and solutions for producing clean energy.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 17 2016. 12:50 IST