72.66 Per Cent From 52-Week Low: Multibagger Stock Hit 10 Per Cent Upper Circuit On October 14, Check Details Inside
The stock is up by 72.66 per cent from its 52-week low of Rs 138.25 per share and gave multibagger returns of 396 per cent since listing in July 2023.
On Monday, one of the Top Gainers on BSE, shares of Alphalogic Industries Ltd were locked in 10 per cent to Rs 238.70 per share from its previous closing of Rs 217. The stock’s 52-week high is Rs 345 and its 52-week low is Rs 138.25.
Recently, Alphalogic Industries Limited has been awarded a contract by the National Film Archive of India, a government organization under the Ministry of Information and Broadcasting. This contract involves the complete process of designing, producing, delivering, and installing specialized storage systems known as Mobile & Fixed Racks. These racks will be used to store and organize valuable film collections at the National Film Archive's Pune facility in Maharashtra, India. The contract is a domestic agreement, meaning that both Alphalogic Industries and the National Film Archive are based within India. The project is expected to be completed within the current quarter, which typically spans three months. The total value of the contract is Rs 51,29,068.50 (Fifty-one Lakhs Twenty-Nine Thousand Sixty-Eight Rupees and Fifty Paise), excluding the Goods and Services Tax (GST).
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Alphalogic Industries is engaged in the design, manufacturing, supply and installation of industrial and institutional storage systems i.e., compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets and crates. The company has a market cap of Rs 243.22 crore.
The stock has an ROE of 55 per cent and an ROCE of 42 per cent. The stock is up by 72.66 per cent from its 52-week low of Rs 138.25 per share and gave multibagger returns of 396 per cent since listing in July 2023. Investors should keep an eye on this SME stock.
Disclaimer: The article is for informational purposes only and not investment advice.