BGR Energy Systems rose 5.7% to Rs 262.10 at 12:57 IST on BSE after the company said on Wednesday, 16 July 2008, it has secured a contract worth Rs 4900 crore for engineering, procurement and construction of a thermal power project in Rajasthan.
The company made this announcement during trading hours on Wednesday, 16 July 2008, when the stock surged 13.41% to Rs 247.80.
The BSE Sensex was up 460.38 points, or 3.66%, to 13,038.18 on strong cues from global markets. Asian stocks rallied on Thursday, 17 July 2008, propelled by the biggest surge in US bank shares in 16 years and a sharp drop in oil prices, easing the worst fears about the global credit crisis spiraling out of control.
On BSE, 5.44 lakh shares were traded in the counter. The scrip had an average daily volume of 64,900 shares in the past one quarter.
The stock hit a high of Rs 269 and a low of Rs 252 so far during the day. The stock had a 52-week high of Rs 988 on 4 January 2008 and a 52-week low of Rs 209 on 4 July 2008.
The mid-cap company had outperformed the market over the past one month till 16 July 2008, declining 18.95% compared to the Sensex’s decline of 19.88%. It had underperformed the market in the past one quarter, declining 45.26% compared to Sensex’s decline of 23.70%.
The company has an equity capital of Rs 72 crore. Face value per share is Rs 10.
The current price of Rs 262.10 discounts its Q4 March 2008 annualised EPS of Rs 17.73, by a PE multiple of 14.78.
With this latest order, the company’s order book stands over Rs 11,000 crore.
On 2 July 2008, BGR Energy Systems bagged an engineering, procurement and construction (EPC) order worth Rs 3100.06 crore from Tamil Nadu Electricity Board to set up a 600-megawatt power plant at Mettur in the state of Tamil Nadu.
In June 2008, BGR Energy Systems’ oil & gas division bagged a contract worth $9.29 million for manufacture of 70 oil product storage tanks for Aumara oil products depot in Iraq.
BGR Energy Systems reported a net profit of Rs 31.91 crore on net sales of Rs 578.61 crore in Q4 March 2008. The figures of the corresponding previous year period were not available.
BGR Energy Systems is a supplier of systems and equipment for the power, oil and gas, petrochemical and process industries.
The BSE Sensex was up 460.38 points, or 3.66%, to 13,038.18 on strong cues from global markets. Asian stocks rallied on Thursday, 17 July 2008, propelled by the biggest surge in US bank shares in 16 years and a sharp drop in oil prices, easing the worst fears about the global credit crisis spiraling out of control.
On BSE, 5.44 lakh shares were traded in the counter. The scrip had an average daily volume of 64,900 shares in the past one quarter.
The stock hit a high of Rs 269 and a low of Rs 252 so far during the day. The stock had a 52-week high of Rs 988 on 4 January 2008 and a 52-week low of Rs 209 on 4 July 2008.
The mid-cap company had outperformed the market over the past one month till 16 July 2008, declining 18.95% compared to the Sensex’s decline of 19.88%. It had underperformed the market in the past one quarter, declining 45.26% compared to Sensex’s decline of 23.70%.
The company has an equity capital of Rs 72 crore. Face value per share is Rs 10.
The current price of Rs 262.10 discounts its Q4 March 2008 annualised EPS of Rs 17.73, by a PE multiple of 14.78.
With this latest order, the company’s order book stands over Rs 11,000 crore.
On 2 July 2008, BGR Energy Systems bagged an engineering, procurement and construction (EPC) order worth Rs 3100.06 crore from Tamil Nadu Electricity Board to set up a 600-megawatt power plant at Mettur in the state of Tamil Nadu.
In June 2008, BGR Energy Systems’ oil & gas division bagged a contract worth $9.29 million for manufacture of 70 oil product storage tanks for Aumara oil products depot in Iraq.
BGR Energy Systems reported a net profit of Rs 31.91 crore on net sales of Rs 578.61 crore in Q4 March 2008. The figures of the corresponding previous year period were not available.
BGR Energy Systems is a supplier of systems and equipment for the power, oil and gas, petrochemical and process industries.
0 comments:
Post a Comment