BGR Energy rose 2.84% to Rs 586.90 at 12:31 IST on BSE, on bagging an order worth Rs 793 crore from Andhra Pradesh Power Generation Corporation for supply of power generation equipment.
The company made this announcement during market hours today, 27 February 2008.
Meanwhile, BSE Sensex was up 227.70 points or 1.28% to 18,033.89, on positive cues from the global markets. Asian stocks surged today after weak US economic data and comments from a Federal Reserve official signaled that US interest rates will continue to head lower. Fed Vice Chairman Donald Kohn said on Tuesday, 26 February 2008, that a weak US economy was a bigger worry than higher inflation risks.
On BSE, 96,411 shares were traded in the counter. The scrip had an average daily volume of 3.26 lakh shares in the past one quarter.
The stock hit a high of Rs 603.80 and a low of Rs 572 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 525 on 23 January 2008.
The mid-cap scrip had underperformed the market over the past one month till 26 February 2008, declining 7.53% compared to the Sensex’s decline of 1.91%.
The company’s current equity is Rs 72 crore. Face value per share is Rs 10.
The current price of Rs 586.90 discounts its Q3 December 2007 annualized EPS of Rs 12.12, by a PE multiple of 48.42.
The contract is to be executed within a period of 26 months.
BGR Energy reported a net profit of Rs 21.82 crore on net sales of Rs 382.76 crore in Q3 December 2007.
BGR Energy Systems is a supplier of systems and equipment for the power, oil and gas, petrochemical and process industries.
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