India, Oct. 15 -- The Vadodara-based switchgear maker Parth Electricals & Engineering has picked up a fresh batch of domestic orders, adding to a backlog that was already sizable. The work comes from EPC contractors building out Gujarat's power distribution network. It follows a year in which profit grew far faster than sales. Management says business visibility now looks encouraging for roughly the next 12 to 14 months, and the shift toward higher-value orders could also open the door for its new eastern plant.

The Nifty 50 closed at 22,997.35 up 1.65%, while the Sensex gained 2.10% to 74,315.61 on Thursday. Against the backdrop of a broader market rally, Parth Electricals & Engineering Limited is in focus after securing domestic order...