McNally Bharat Engineering Company gained 5.59% to Rs 118 at 11:21 IST on BSE after the company said it has bagged an order worth Rs 246 crore from Vedanta Alumina.
The company made this announcement during trading hours today, 17 July 2008.
The stock hit a high of Rs 120.70 and a low of Rs 116.70 so far 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 company has an equity capital of Rs 31.24 crore. Face value per share is Rs 10.
The current price of Rs 118 discounts its Q4 March 2008 annualised EPS of Rs 9.86, by a PE multiple of 11.97.
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.
In May 2008, the company’s board approved acquiring 68.3% in Gujarat-based Sayaji Iron & Engineering Company.
MBECL’s net profit rose 9.1% to Rs 7.07 crore on 20.3% increase in net sales to Rs 205.75 crore in Q4 March 2008 over Q4 March 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.
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