Shriram EPC surges 5% on orders worth Rs 3.67 bn
29th January 2013 10:18 AM
Shriram EPC, a leading service provider of design, engineering, procurement, construction and project management services, surged on Tuesday after securing multiple orders amounting to Rs 3.67 billion.
These include an order Rs 2.34 billion from Hutti Gold Mines Company, a government of Karnataka undertaking for construction of a circular shaft of a diameter of 6 meters and depth of 960 meters.
Two orders amounting to Rs 1.02 billion in its municipal service vertical. The first order is a repeat from the Gujarat Urban Development Company worth Rs 755 million and second order amounting Rs 270 million from Kayalpattanam Municipality. And also a repeat order from Kerala Feeds, a government of Kerala undertaking for Rs 303 million. Shares ofthe companyare trading at Rs 72.50, up Rs 3.5, or 5.07% at the Bombay Stock Exchange (BSE) on Tuesday at 9:23 a.m.The scrip has touched an intra-day high of Rs 74.50 and low of Rs 72.50. The total volume of shares traded at the BSE is 956.In the earlier session, the shares lost 1.5%, or Rs 1.05, at Rs 69. Currently, the stock is trading down 36.29% from its 52-week high of Rs 113.80 and above 47.81% over the 52-week low of Rs 49.05.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 70.05 (1.05) (1.50) 1 Month 68.70 0.30 0.44 3 Months 71.00 (2.00) (2.82) 6 Months 57.60 11.40 19.79 1 Year 99.10 (30.10) (30.37) Note: Based on previous day closing price.
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