Mcnally Bharat stock soars 4% on order win

The company received an order for construction of 60 TPH Green Anode Plant from Vedanta for a value of Rs133.50cr.

Dec 27, 2017 05:12 IST India Infoline News Service

McNally Bharat Engineering Company
Mcnally Bharat Engineering Company has received an order for Engineering and Supply and Civil Works, Structural Works and Construction for 60 TPH Green Anode Plant from Vedanta Ltd for a value of Rs133.50cr.

The stock ended at Rs 62.2, up by Rs 2.35 or 3.93% from its previous closing of Rs 59.85 on the BSE. The scrip opened at Rs 60 and touched a high and low of Rs 62.8 and Rs 60 respectively.

The BSE group 'T' stock of face value Rs10 has touched a 52-week high of Rs79.5 on 31-Jul-2017 and a 52-week low of Rs37.6 on 30-May-2017. Last one week high and low of the scrip stood at Rs60.95 and Rs57, respectively.

The promoters holding in the company stood at 67.33%, while Institutions and Non-Institutions held 0.45 % and 32.21%, respectively.

The stock is currently trading above its 100 DMA.

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