Ujaas Energy jumped 3.15 percent to Rs 45.90 on BSE after the company announced that it has received letter of Intent from MOIL for 5 megawatts solar power photovoltaic plant in Maharashtra.
The announcement was made on Saturday, 31 December 2016.
Meanwhile, the S&P BSE Sensex was down 108 points or 0.41 percent at 26,514.6.
On the BSE, 91,867 shares were traded in the counter so far as against average daily volume of 6.56 lakh shares in the past one quarter. The stock had hit a high of Rs 46.70 and a low of Rs 45.50 so far during the day. The stock had hit a record high of Rs 52.25 on 16 December 2016. The stock had hit a 52-week low of Rs 19.40 on 29 September 2016.
The stock had underperformed the market over the past one month till 30 December 2016, sliding 7 percent compared with 0.1 percent drop in the Sensex. The scrip had, however, outperformed the market in past one quarter, jumping 98.22 percent as against Sensex's 4.45 percent fall.
The small-cap company has equity capital of Rs 20 crore. Face value per share is Re 1.
Ujaas Energy announced that it has received letter of intent from MOIL for design, engineering, procurement & supply, construction, erection, testing & commissioning of solar photovoltaic (PV) plant with tracking system on turnkey basis of 5 megawatts (MW) (AC) capacity in Maharashtra.
Ujaas Energy's net profit surged 196 percent to Rs 9.71 crore on 129.9 percent rise in net sales to Rs 121.15 crore in Q2 September 2016 over Q2 September 2015.
Ujaas Energy is engaged in the design of various products and solutions for producing clean energy.
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