Punj Lloyd jumped 5.76% to Rs 22.95 at 11:36 IST on BSE after the company announced that it won an order worth Rs 120 crore for the supply and commission of five full body truck scanners from the Ministry of Home Affairs.
The announcement was made during market hours today, 18 September 2017.The stock had dropped 6.66% in three sessions to settle at Rs 21.70 on Friday, 15 September 2017, from a close of Rs 23.25 on 12 September 2017.
Meanwhile, the S&P BSE Sensex was up 206.65 points or 0.64% at 32,479.26. The S&P BSE Small-Cap index rose 167.61 points or 1% at 16,855.37.
On the BSE, 5.39 lakh shares were traded on the counter as against the average daily volumes of 6.87 lakh shares in the past one quarter. The stock had hit a high of Rs 23.45 and a low of Rs 21.65 so far during the day. The stock had hit a 52-week high of Rs 28.30 on 15 September 2016 and a record low of Rs 16.90 on 9 November 2016.
The stock had outperformed the market over the past one month till 15 September 2017, gaining 11.86% compared with the 2.62% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 16.67% as against Sensex's 3.85% gains. The stock had, however, underperformed the market over the past one year, dropping 18.88% compared with the 13.58% gains in the Sensex.
The small-cap company has equity capital of Rs 67.09 crore. Face value per share is Rs 2.
Punj Lloyd will be the first private sector company in India to install these X-ray based full body truck scanners at the country's borders, which can detect concealed arms, ammunition, explosives, detonators, improvised explosive devices (IEDs), narcotics and fake currency.
The group's order backlog stands at Rs 11835 crore after excluding orders of Rs 6845 crore orders in Libya, which are not seeing traction. The order backlog is the value of unexecuted orders as on 30 June 2017 plus new orders received after that date.
Punj Lloyd reported net loss of Rs 194.32 crore in Q1 June 2017 as against net loss of Rs 211.39 crore in Q1 June 2016. Net sales rose 10.1% to Rs 977.34 crore in Q1 June 2017 over Q1 June 2016.
Punj Lloyd is a diversified international conglomerate offering engineering, procurement and construction (EPC) services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.
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