At the day's low of Rs 44, the stock had declined 2.65% before the company announced the new order win during trading hours.

Meanwhile, the BSE Sensex was down 35.18 points, or 0.29%, to 12,099.57.

On BSE, 8.34 lakh shares were traded in the counter. The stock had an average daily volume of 1.24 lakh shares in the past one quarter.

The stock hit a high of Rs 47.40 and a low of Rs 44 so far during the day. The stock hit a 52-week high of Rs 170 on 5 May 2008 and a 52-week low of Rs 23.85 on 13 March 2009.

The small-cap stock had outperformed the market over the past one month till 4 May 2009, gaining 26.43% as compared to the Sensex's return of 17.26%. It had also outperformed the market in the past one quarter, rising 33.14% as compared to the Sensex's return of 31.87%.

The company's current equity is Rs 18.57 crore. Face value per share is Rs 2.

The current price of Rs 45.50 discounts the company's Q4 March 2009 annualized EPS of Rs 7.32, by a PE multiple of 6.22.

The company has won an order worth Rs 11.14 crore from BGR Energy Systems for supply of rotary breaker, ring granulator, roller screen and other mandatory spares.

The company had in January 2009 bagged an order worth Rs 22 crore from Adani Power of Adani Group for commissioning of material handling system at Mundra.

Elecon Engineering Company's net profit declined 26.10% to Rs 16.98 crore on 11.20% to Rs 293.56 crore in Q4 March 2009 over Q4 March 2008.

Elecon Engineering Company manufactures all kinds of mechanical handling equipment such as bucket elevators, belt conveyors, gravity roller conveyors, bag-filling machines, bag stacking machines, overhead chair conveyors.

The company had in February 2009 announced that the promoter pledged more than 1.32 crore shares representing 14.27% of the equity capital of the company. The total promoter shareholding in the company stood at 45.63% as on 31 March 2009.