Meanwhile, the BSE Sensex was up 266.53 points, or 1.66%, to 16,319.25.
On BSE, 350 shares were traded in the counter as against an average daily volume of 1.29 lakh shares in the past one quarter.
The stock hit a high of Rs 476.90 and a low of Rs 466 so far during the day. The stock had hit a 52-week high of Rs 528.90 on 16 October 2009 and a 52-week low of Rs 107 on 9 March 2009.
The stock has risen 6.28% in three trading sessions from a recent low of Rs 448.70 on 27 October 2009. Earlier, the stock had dropped 13.51% in five trading sessions to Rs 448.70 on 27 October 2009 from a recent high of Rs 518.80 on 20 October 2009.
The mid-cap stock had outperformed the market over the past one month till 29 October 2009, rising 4.17% as compared to the Sensex's 4.75% fall. It had also outperformed the market in the past one quarter, gaining 28.80% as compared to the Sensex's return of 5.79%.
The company's equity capital is Rs 72 crore. Face value per share is Rs 10.
The current price of Rs 476.90 discounts the company's Q2 September 2009 annualized EPS of Rs 16.98, by a PE multiple of 28.09.
BGR Energy Systems' net sales rose 9.75% to Rs 465.96 crore in Q2 September 2009 over Q2 September 2008. The company announced the results after market hours on Thursday, 29 October 2009.
During the quarter ended September 2009, the company's order inflow was Rs 3364 crore. The company's order book as on 29 October 2009 stands at Rs 12,197 crore, which is 6.35 times its sales of Rs 1922.10 crore in the year ended March 2009, giving strong revenue visibility.
BGR Energy is expects buoyant demand for power projects in domestic market to help notch phenomenal growth for the rest of the year. As the economy is showing signs of fast-paced recovery, the company is optimistic of increased demand for capital equipment in power and oil & gas sectors.
As per recent reports, BGR Energy is expected to sign a collaboration agreement with Japan-based Hitachi to set up a manufacturing facility for power projects. The manufacturing facility would be placed between Chennai and Puducherry or near Cheyyur at Kancheepuram district in Tamil Nadu, reports added.
BGR Energy had on 28 August 2009 secured a contract worth Rs 1633.71 crore from Chhattisgarh State Power Generation Company (CSPGCL) for commissioning two 500-megawatt (MW) coal based Marwa thermal power projects. The contract is with a price escalation clause with a ceiling of 15% with respect to increase in raw materials, equipment and labour costs
BGR Energy had on 24 August 2009 received a contract worth Rs 27.14 crore from Nuclear Power Corporation of India for supply of motor control centers at a project at Kalpakkam, Tamil Nadu.
BGR Energy Systems is a supplier of systems and equipment for the power, oil and gas, petrochemical and process industries.
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