The announcement was made during trading hours today, 9 August 2010.
Meanwhile, the BSE Sensex was up 87.39 points, or 0.48%, to 18,231.38
On BSE, 2.89 lakh shares were traded in the counter as against an average daily volume of 9,875 shares in the past one quarter.
The stock hit a high of Rs 160 and a low of Rs 139.90 so far during the day. The stock had hit a record high of Rs 173.45 on 15 February 2010 and a record low of Rs 119 on 3 March 2010.
The mid-cap company engaged in engineering, procurement and construction services has an equity capital of Rs 90.01 crore. Face value per share is Rs 10.
The stock underperformed the market over the past one month till 6 August 2010, falling 1.77% as compared to the Sensex`s return of 3.01%. It had also underperformed the market in the past one quarter, declining 7.62% as compared to the Sensex`s 6.81% rise.
GMP Technical Solutions manufactures modular clean rooms, office partition systems etc. and has expertise in door set manufacturing and bearing ceiling supplies. It has annual turnover of over Rs. 120 crore.
GMP Technical Solutions has three divisions viz. manufacturing, building management services, and quality assurance technical services division. The manufacturing division is engaged in manufacturing of clean rooms, office partitions, door sets and storage racks. The building management services division looks after heating ventilation and air conditioning and electrical design and execution. The quality assurance technical services division does validation and certification of weights and other measures.
Vascon Engineers` consolidated net profit jumped 32.50% to Rs 13.94 crore on 49.80% increase in net sales to Rs 202.85 crore in Q1 June 2010 over Q1 June 2009.
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