The company announced the fresh orders during trading hours on Tuesday, 7 September 2010, when the stock had risen 1.73% to Rs 105.55.
Meanwhile, the BSE Sensex was up 3.85 points, or 0.02% at 18,648.91.
On BSE, 2.65 lakh shares were traded in the counter as against an average daily volume of 1.80 lakh shares in the past one quarter.
The stock hit a high of Rs 108.90 and a low of Rs 105.50 so far during the day. The stock had hit a 52-week high of Rs 109.90 on 7 September 2010 and a 52-week low of Rs 42 on 4 November 2009.
The stock has risen 16.09% in six trading sessions from a recent low of Rs 93.20 on 31 August 2010.
The small-cap stock had outperformed the market over the past one month till 6 September 2010, rising 25.53% as compared to the Sensexs return of 2.29%. It had also outperformed the market in the past one quarter, gaining 34.30% as compared to the Sensexs return of 8.43%.
The company has an equity capital of Rs 27.39 crore. Face value per share is Rs 5.
The domestic orders also include an order from GAIL (India) for its Dabhol-Bangalore gas pipeline project. With these latest orders, the companys total order book stands at about Rs 2500 crore, which is 1.64 times its turnover of Rs 1526.49 crore for the year ended March 2010, giving strong revenue visibility. These orders are to be executed over a period of next 12 months.
Man Industries (India)s net profit galloped 677.6% to Rs 22.24 crore on 3.3% increase in net sales to Rs 332.65 crore in Q1 June 2010 over Q1 June 2009.
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