The company made the announcement of bagging orders during market hours today, 10 March 2010.

Meanwhile, the BSE Sensex was up 82.32 points, or 0.48% to 17,134.86.

On BSE, 1.57 lakh shares were traded in the counter as against an average daily volume of 78.738 shares in the past one quarter.

The stock hit a high of Rs 99.50, also a 52-week high for the stock. It hit a low of Rs 91.10 so far during the day. The stock had hit a 52 week low of Rs 24 on 9 March 2009.

The small-cap stock had outperformed the market over the past one month till 9 March 2010, rising 18.71% as compared to the Sensex's 6.30% rise. It had also outperformed the market in the past one quarter, jumping 30.4% as compared to the Sensex's decline of 0.42%.

The current price of Rs 96.15 discounts the company's Q3 December 2009 annualized EPS of Rs 9.43, by a PE multiple of 10.19.

The latest orders are for the supply of air cooled heat exchangers for upstream and downstream projects in the oil & gas sector for Indian Oil Corporation, Mangalore Refineries and Petrochemicals (MRPL) and ONGC.

Last month, the company announced it bagged orders worth Rs 140 crores.

GEI Industrial Systems' net profit surged 44.60% to Rs 3.92 crore on 27% increase in net sales to Rs 61.29 crore in Q3 December 2009 over Q3 December 2008.

The company is engaged in manufacturing air-cooled heat exchanger and fin tubes. It provides innovative engineering systems and solutions.