BS shares jump 16% on new orders - The New Indian Express

BS shares jump 16% on new orders

Published: 04th April 2014 10:19 AM

Last Updated: 04th April 2014 10:19 AM

BS shares jumped on Friday after the company has won several orders to the tune of Rs 7.22 billion from power utilities. These orders are for turnkey/ EPC contracts for 220 KV and 132 KV transmission lines and associated substations in Madhya Pradesh.

The projects funded by Asian Development Bank are for strengthening the grid and enhancing transmission capacity, bringing much-needed electricity to the region to meet growing domestic and industrial demand.

Shares of the company are trading at Rs 14.54, up Rs 2, or 15.95% at the Bombay Stock Exchange (BSE) on Friday at 9:45 a.m.The scrip has touched an intra-day high of Rs 15.04 and low of Rs 13.75. The total volume of shares traded at the BSE is 219,292.In the earlier session, the shares declined 0.95%, or Rs 0.12, at Rs 12.54.Currently, the stock is trading down 14.47% from its 52-week high of Rs 17.00 and above 39.14% over the 52-week low of Rs 10.45.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

Read More

follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook