Elecon shares rose after new order win: The shares of Elecon Engineering Company rose 4.7% intraday Monday, after the company bagged the order worth Rs 130 crore in its material handling business, Ramagundam Fertilizers & Chemicals for installing urea bagging and conveying systems at their complex at Ramagundam.
The share was quoting 5.2% to Rs 55.60 at mid noon times. The small-cap company having an equity capital of Rs 22.44 crore. The Face value per share is Rs 2. Elecon Engg Company is one of Asia's largest gear manufacturing venture with vast experience of about 50 years and major business presence in India and abroad.
Sintex rose as board sanctions share allotment: Sintex Industries Ltd rose 1.56% to Rs 107.45 at on BSE after it has allotted equity shares to foreign currency convertible bond holders. The company has issued Foreign Currency Convertible Bond (FCCBs) for USD 110 million due 2022 on 25 May 2016. The consolidated net profit of Sintex Industries declined 38.9% to Rs 110.81 crore on 0.1% decrease in net sales to Rs. 2,075.01 crore in Q3 December 2016 year-on- year.
Everest Kanto gains 2.04% at BSE: Everest Kanto Cylinder gained 2.04% to Rs 37.55 on BSE after the company reportedly entered into the asset purchase agreement with SNF Flopam India. The stock had hit a high and low of Rs 39.65 and Rs 36.00 respectively during the mid-noon. The small-cap company having an equity capital of Rs 22.44 crore. The Face value per share is Rs. 2.00