Meanwhile, the S&P BSE Sensex was up 225.36 points or 0.85% at 26,858.49.

On the BSE, 63,000 shares were traded on the counter so far as against the average daily volumes of 43,694 shares in the past one quarter. The stock had hit a high of Rs 126.85 and a low of Rs 122.95 so far during the day.

The stock had hit a 52-week high of Rs 138.80 on 6 January 2016 and a 52-week low of Rs 89.40 on 12 February 2016. It had outperformed the market over the past one month till 4 January 2017, surging 11.27% compared with the Sensex's 1.53% rise. The scrip had also outperformed the market in past one quarter, advancing 10.92% as against the Sensex's 6% fall.

The small-cap company has equity capital of Rs 72.16 crore. Face value per share is Rs 10.

Shares of BGR Energy Systems rallied 16.97% in preceding seven straight trading sessions to settle at Rs 125.40 yesterday, 4 January 2017, from its close of Rs 107.20 on 26 December 2016. The stock had settled higher by surging 6.32% in a single trading session yesterday, 4 January 2017, after the company during market hours announced that it has recently won two large value contracts aggregating to Rs 650 crore for water treatment projects.

The company had in November 2016 announced receiving a letter of award from Neyveli Uttar Pradesh (NUPPL) for balance of plant (BoP) contract for the 3 x 660 megawatts (MW) super critical Ghatampur thermal power project, Uttar Pradesh. The total lump sum price of this contract was Rs 2788.60 crore.

BGR Energy Systems' order book now stands at Rs 10425 crore.

BGR Energy Systems' net profit rose 35.4% to Rs 10.70 crore on 0.4% decline in net sales to Rs 824.66 crore in Q2 September 2016 over Q2 September 2015.

BGR Energy Systems is a leading engineering, procurement and construction (EPC) and balance of plant (BoP) engineering and contracting company for power projects in India.