The company made this announcement during trading hours today, 6 November 2009.

Meanwhile, the BSE Sensex was up 111.40 points, or 0.69%, to 16,175.30.

On BSE, 17,469 shares were traded in the counter as against an average daily volume of 95,696 shares in the past one quarter.

The stock hit a high of Rs 145.35 and a low of Rs 142 so far during the day. The stock had hit a 52-week high of Rs 174 on 2 June 2009 and a 52-week low of Rs 44.40 on 13 March 2009.

The mid-cap stock had underperformed the market over the past one month till 5 November 2009, falling 6.52% as compared to the Sensex's 4.76% fall. It had also underperformed the market in the past one quarter, declining 3.29% as compared to the Sensex's return of 1.01%.

The company's equity capital is Rs 16.36 crore. Face value per share is Rs 2.

The current price of Rs 142.80 discounts the company's Q2 September 2009 annualized EPS of Rs 10.22, by a PE multiple of 13.97.

Birla Sun Life Mutual Fund has hiked its stake to 5.05% from 4.81% after acquiring two lakh shares representing 0.24% of the equity capital of the company through open market purchases on 4 November 2009.

A consortium of Jyoti Structures with Areva T&D had on 20 October 2009 bagged a large power project from the Maharashtra State Electricity Transmission Company. The company's share in the contract for supply and execution of transmission lines, to be executed over a period of three years is Rs 833 crore, Jyoti Structures said.

Jyoti Structures' net profit rose 3.8% to Rs 20.89 crore on 13.1% rise in net sales to Rs 469.60 crore in Q2 September 2009 over Q2 September 2008. The company declared its results on 27 October 2009.

Jyoti Structures undertakes design, survey, manufacturing and supply of transmission line towers, foundation, erection of towers, supply of bought out items such as conductors, insulators and hardware accessories, stringing of conductors, testing and commissioning of transmission lines.