McNally Bharat surges on bagging new order

McNally Bharat Engineering Company surged on Thursday after it has received an order worth Rs. 1.15 billion from Bihar State Electricity Board. Shares ofthe companyare trading at Rs 103, up Rs 3.2, or 3.21% at the Bombay Stock Exchange (BSE) on Thursday at 11:57 a.m.This order is for manufacturing, supply, erection, inland transportation and insurance of equipment, materials and mandatory spares for Ganga water supply package for Barauni thermal power station, Phase -1 and Phase II. The contractual completion period is 30 months.The scrip has touched an intra-day high of Rs 104.70 and low of Rs 99.50. The total volume of shares traded at the BSE is 75,198.In the earlier session, the shares climbed 0.86%, or Rs 0.84, at Rs 99.80. Currently, the stock is trading down 40.29% from its 52-week high of Rs 172.50 and above 29.15% over the 52-week low of Rs 79.75.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 96.15 3.65 3.80 1 Month 86.50 13.30 15.38 3 Months 94.40 5.40 5.72 6 Months 86.65 13.15 15.18 1 Year 144.95 (45.15) (31.15) Note: Based on previous day closing price.