The company announced the order win during market hours today, 15 December 2008.Meanwhile, the BSE Sensex was up 159.58 points, or 1.65%, to 9,849.65.On BSE, 86,963 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 39.75 and a low of Rs 34.85 so far during the day. The stock hit a 52-week high of Rs 31.09 on 17 December 2007 and a 52-week low of Rs 30.40 on 3 December 2008.
The small-cap stock had underperformed the market over the past one month till 12 December 2008, falling 14.69% as compared to the Sensex's return of 1.61%. It had also underperformed the market in the past one quarter, declining 70.52% as compared to the Sensex's decline of 30.79%.The company's current equity is Rs 31.09 crore. Face value per share is Rs 10.The current price of Rs 39.50 discounts the company's Q2 September 2008 annualized EPS of Rs 8.22, by a PE multiple of 4.81.
The company has bagged an order worth Rs 88.86 crore from Essar Constructions (India).Nally Bharat Engineering Company (MBECL) had in September 2008 bagged an order worth Rs 115 crore from Bharat Heavy Electricals, Bangalore.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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