Loyal Equipments jumps 5% after acquiring order worth Rs 11.36 crore
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LOYAL EQUIPMENTS Ltd
Shares of Loyal Equipments Ltd jumped 5 percent in early trade on June 7 after the company said it had bagged an order for Rs 11.36 crore from Numaligarh Refinery Limited to supply shell and tube heat exchangers.
Loyal’s March quarter revenues were up 14.49 percent year-on-year to Rs 17.38 crore. Net profit for the quarter stood at Rs 3.5 crore, compared to a loss of Rs 1.75 crore for the same period last year.
Stock Performance
Loyal Equipments Ltd stock has given a return of 133.98 percent over the last 6 months. Thus, considerably outperforming the Nifty50 benchmark index which has given a return of 0.52 percent over the same duration.
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