Fedders Lloyd Corporation surged 3.80% to Rs 68.30 at 12:58 IST on BSE, after the company secured an export order worth $10.88 million from Ethiopian Electric Corporation, Ethiopia for supply of power distribution material.
The company announced the export order win during trading hours today, 6 November 2009.
Meanwhile, the BSE Sensex was up 163.80 points, or 1.02%, to 16,227.58.
On BSE, 12,821 shares were traded in the counter as against an average daily volume of 47,211 shares in the past one quarter.
The stock hit a high of Rs 69.05 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 67.05 so far during the day. The stock had hit a 52-week low of Rs 15.35 on 16 March 2009.
The small-cap stock had outperformed the market over the past one month till 5 November 2009, gaining 64.09% as compared to the Sensex's 4.76% fall. It had also outperformed the market in the past one quarter, surging 69.81% as compared to the Sensex's return of 1.01%.
The company's equity capital is Rs 30.77 crore. Face value per share is Rs 10.
The current price of Rs 68.30 discounts the company's Q1 September 2009 annualized EPS of Rs 11, by a PE multiple of 6.21.
Fedders Lloyd had in September 2009 secured an order worth Rs 110 crore from Ministry of Defence for supply and installation of environment control systems.
Fedders Lloyd Corporation's net profit surged 272.7% to Rs 8.46 crore on 57.7% increase in net sales to Rs 161.05 crore in Q1 September 2009 over Q1 September 2008. The company declared its results on 30 October 2009.
Fedders Lloyd Corporation provides engineering products and solutions for heating, ventilation, air-conditioning, and refrigeration to commercial, corporate, public sector organization, government organization, telecom, defence, and railway sectors in India.