India, March 9 -- A small-cap engineering company engaged in process piping and fabrication solutions hit the upper circuit after reporting strong order momentum. The order book surged 45 percent month-on-month from Rs 1,320 crore to Rs 1,913 crore, with power orders coming from India grow by 114 percent, while gas plant orders recorded a QoQ growth of 912 percent.

With a market cap of more than Rs 2,000 Cr, DEE Development Engineers Ltd saw its stock hit the upeer circuit with an intraday high of Rs 306, which is 10 percent higher than the previous close of Rs 278. The stock is currently trading at a PE of 25, which is clearly below the industry average of 28.

Monthly Order Book Update In February, the company's total order book increa...