The company announced the order win during market hours today, 18 December 2008.Meanwhile, the BSE Sensex was up 176.16 points, or 1.81%, to 9,891.45.On BSE, 84,444 shares were traded in the counter. The stock had an average daily volume of 26,275 shares in the past one quarter.The stock hit a high of Rs 42.45 and a low of Rs 36 so far during the day. The stock hit a 52-week high of Rs 313.40 on 20 December 2007 and a 52-week low of Rs 30.40 on 3 December 2008.
The stock is up 27.69% from a recent low of Rs 32.50 on 8 December 2008.The small-cap stock had underperformed the market over the past one month till 17 December 2008, falling 8.82% as compared to the Sensex's return of 4.57%. It had also underperformed the market in the past one quarter, declining 65.89% as compared to the Sensex's decline of 26.75%.The company's current equity is Rs 31.09 crore. Face value per share is Rs 10.
The current price of Rs 41.50 discounts the company's Q2 September 2008 annualized EPS of Rs 8.22, by a PE multiple of 5.05.McNally Bharat Engineering Company (MBECL) has secured two orders aggregating to Rs 244 crore from Vedanta group for its lead zinc beneficiation plant Rampura Agucha Mines at Bhilwara, Rajasthan and for one aluminium handling package for its plant at Lanjigarh, Orissa.
Earlier this week, MBECL had bagged an order worth Rs 88.86 crore from Essar Constructions (India). MBECL's net profit rose 45.9% to Rs 6.39 crore on 75.9% increase in net sales to Rs 202.63 crore in Q2 September 2008 over Q2 September 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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