195 per cent returns: This multibagger micro-cap company receives order worth Rs 1.87 crore for Vadodara Airport!
The Board of Directors of the company announced bonus shares in the ratio of 1:1 for its equity shareholders.
Abhishek Integrations Limited informed that the company has been ranked as L1 for the work contract for the operation and maintenance contract of electrical & mechanical installations at the new terminal building, water supply system, operation of conveyor system & supply of electrical spares at Vadodara Airport (For 2-year period) (The year 2023-24 & 2024-25) having total contract value of Rs. 1.87 crores (including GST).
Additionally, the Board of Directors of the company announced bonus shares in the ratio of 1:1 for its equity shareholders. The shares ceased to trade cum-bonus on July 19, 2023, which was the record date for the bonus issue.
Abhishek Integrations Limited is in the business of developing, maintaining & operating Airports and allied businesses. On Thursday, shares of Abhishek Integrations gained 0.14 per cent to Rs 35.15 per share with an intraday high of Rs 35.75 and an intraday low of Rs 35. The stock has a 52-week high of Rs 35.82 and a 52-week low of Rs 12.
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According to the financials, the company has a market cap of 21.17 crore. The net sales increased by 74.50 per cent to Rs 13.76 crore and net profit increased by 53.64 per cent to Rs 0.34 crore in H2FY23 over H2FY22. The net sales increased by 70.26 per cent to Rs 22.55 crore and net profit increased by 34.06 per cent to Rs 0.67 crore in FY23 over FY22.
The promotors of the company hold a 67.70 per cent stake in the company and the rest is owned by the general public which is 32.30 per cent as of March 2023. The stock gave multibagger returns of 195 per cent in just 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.