McNally Bharat Engineering jumped 5.03% to Rs 132 on BSE after the company bagged two orders aggregating Rs 53.25 crore.
The company made this announcement during trading hours today, 19 August 2008.
Meanwhile, as per provisional closing, the BSE Sensex was down 45.65 points, or 0.31%, to 14,600.01 on weak global cues. US stocks sank on Monday, 18 August 2008, as the prospect of more losses from the mortgage crisis hurt the shares of banks and the two biggest home finance providers, pushing all three major indexes down about 1.5%.
On BSE, 21,579 shares were traded in the counter. The scrip had an average daily volume of 21,312 shares in the past one quarter.
The stock hit a high of Rs 132.90 and a low of Rs 121.10 during the day. The stock had a 52-week high of Rs 316.90 on 17 December 2007 and a 52-week low of Rs 106 on 15 July 2008.
The small-cap company underperformed the market over the past one-month till 18 August 2008, rising 3.05% compared to the Sensex’s 7.41% gain. It had also underperformed the market in the past one quarter, sliding 28.57% compared to Sensex’s 16% fall.
The company has an equity capital of Rs 31.09 crore. Face value per share is Rs 10.
The current price of Rs 132 discounts its Q1 June 2008 annualised EPS of Rs 5.24, by a PE multiple of 25.19.
In June 2008, McNally Bharat Engineering Company (MBECL) bagged an order worth Rs 47.30 crore from Mundra Port and Special Economic Zone, Ahmedabad for supply of four rail mounted bucket wheels.
The company’s net profit fell 7.10% to Rs 4.07 crore on 18.60% increase in net sales to Rs 131.80 crore in Q1 June 2008 over Q1 June 2007.
The company provides turnkey solutions in the areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply.