GEI Industrial Systems soared 10.08% to Rs 71 at 10:42 IST on BSE after the company said it has bagged an order worth Rs 30 crore from Essar Construction for a refinery expansion project in Vadinar, Gujarat for supply of air cooled heat exchangers.
The stock hit a high of Rs 72.10 and a low of Rs 66 so far during the day. The stock had a 52-week high of Rs 152 on
The company’s current equity is Rs 14.27 crore. Face value per share is Rs 10.
The current price of Rs 71 discounts its Q3 December 2007 EPS of Rs 6.64, by a PE multiple of 10.69.
GEI Industrial Systems’ net profit rose 25.4% to Rs 2.37 crore on 102.9% growth in net sales to Rs 49.56 crore in Q3 December 2007 over Q3 December 2006.
The company is engaged in manufacturing air-cooled heat exchanger and fin tubes. It provides innovative engineering systems and solutions. The products include air cooled heat exchangers, air cooled steam condensers, plant thermal equipments, water cooling modules and air blast oil coolers, radiators for gas and diesel engines, inter and after coolers for compressors, modular oil coolers for large transformers, coolers for motors and generators and finned tubes.
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