Hindustan Dorr-Oliver up 8.5% on two orders from GSFC

Shares of Hindustan Dorr-Oliver rallied as much as 8.5 percent to touch an intraday high of Rs 28.70 on Friday as the company has received two orders worth Rs 277 crore from Gujarat State Fertilisers and Chemicals (GSFC).

"First order for water soluble fertiliser plant having capacity of 60 MTPD is worth Rs 37 crore and the second order of 'D' Train DAP / NPK plant having capacity of 1650 MTPD is worth Rs 240 crore," the company said in its release.

At 10:13 hours IST, the stock rose 5.48 percent to Rs 27.90 amid large volumes on the Bombay Stock Exchange. The share price shot up 24 percent in five consecutive sessions since Monday.

Trading volumes increased 348 percent to 1,80,264 equity shares as compared to its five day average of 40,266 shares.

In the previous trading session, the share rallied 10 percent to close at Rs 26.45. Market capitalisation of the company currently stands at Rs 200.90 crore.

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