The company made this announcement after trading hours on Thursday, 18 December 2008. Meanwhile, the BSE Sensex was down 7.34 points, or 0.07%, to 10,069.09. On BSE, 52,425 shares were traded in the counter. The stock had an average daily volume of 36,819 shares in the past one quarter.
The stock hit a high of Rs 153 and a low of Rs 141 so far during the day. The stock hit a 52-week high of Rs 988 on 4 January 2008 and a 52-week low of Rs 115 on 2 December 2008.
The mid-cap stock had underperformed the market over the past one month till 17 December 2008, falling 11.67% as compared to the Sensex's return of 12.75%. It had also underperformed the market in the past one quarter, declining 48.06% as compared to the Sensex's decline of 24.33%.
The company's current equity is Rs 72 crore. Face value per share is Rs 10. The current price of Rs 149.05 discounts the company's Q2 September 2008 annualized EPS of Rs 13.16, by a PE multiple of 11.33.
BGR Energy had, in June 2008, bagged a engineering, procurement and construction (EPC) contract worth Rs 3100 crore for a thermal power project of Tamil Nadu Electricity Board (TNEB).
The company had in August 2008 bagged an order worth Rs 39.60 crore for supply of air fin coolers to Essar group's refinery expansion project at Jamnagar in Gujarat.
BGR Energy Systems' net profit rose 47.8% to Rs 23.69 crore on 36.5% increase in net sales to Rs 424.57 crore in Q2 September 2008 over Q2 September 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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