Apr 18, 2011, 03.17 PM IST | Source: Moneycontrol.com

McNally bags order worth Rs 379 cr from Sail

McNally Bharat Engineering Company Ltd Monday said it has got a Rs 379-crore contract from Steel Authority of India for design, engineering, and supply of plant & equipment for the Bhilai plant.

McNally bags order worth Rs 379 cr from Sail

McNally Bharat Engineering Company Ltd Monday said it has got a Rs 379-crore contract from Steel Authority of India   for design, engineering, and supply of plant & equipment for the Bhilai plant.

The contract is expected to be completed over two years.

McNally's consolidated order book at the end of third-quarter of 2010-11 stood at Rs 4,370 crore, said Sageraj Bariya, a research analyst with Angel Broking.

"We believe that an improving economic scenario, continuous government focus on infrastructure spending and pick-up in private capex augurs well for the companies providing EPC solutions to the core sectors of the economy," he said.

Angel Broking has retained its buy rating on McNally with target price of Rs 307.

At 11:20 hrs, McNally was trading at Rs 225.55, up 1.51% on the Bombay Stock Exchange.

Mcnally Bh Engg stock price

On April 17, 2014, Mcnally Bharat Engineering closed at Rs 67.90, up Rs 1.15, or 1.72 percent. The 52-week high of the share was Rs 81.90 and the 52-week low was Rs 37.00.


The company's trailing 12-month (TTM) EPS was at Rs 7.75 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 8.76. The latest book value of the company is Rs 126.18 per share. At current value, the price-to-book value of the company is 0.54.

Set email alert for
Mcnally Bh Engg SAIL

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1711.96 1.85 0.11%

35128

Bought today

23053

Sold today

0.36%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.