75 per cent from its 52-week low & FIIs increase stake: This waste management company bags new order worth Rs 386 crore from Panvel Municipal Corporation!

The stock is up by 75 per cent from its 52-week low.

Antony Waste Handling Cell Limited (AWHCL), India’s leading integrated solid waste management company, announced that AG Enviro Infra Projects Private Limited, its wholly owned subsidiary of AWHCL, has secured an order worth Rs 386 crore for Door-to-Door C&T of MSW in PMC. This contract has a period of 5 years with the option for a 2-year extension. The order is received from Panvel Municipal Corporation (PMC). The initial capex to be financed by Panvel Municipal Corporation.

The company has a track record of over 20 years and is one of the top five players in the industry. AWHCL's services include mechanical power sweeping of roads, collection and transportation of waste, waste to energy projects, and the design, construction, operation, and maintenance of integrated waste management facilities.

AWHCL has a market cap of Rs 1,162 crore and has delivered good profit growth of 18.4 per cent CAGR over the last 5 years. According to Quarterly Results and annual results, the company reported amazing number. In September quarter, FIIs have increased their stake from 13.14 per cent to 13.77 per cent (The Miri Strategic Emerging Markets Fund Lp, an FII, bought 0.59 per cent stake in the company).

On Friday, shares of AWHCL gained 7.68 per cent to an intraday high of Rs 417.90 per share from its previous closing of Rs 388.10. At the closing bell, shares of the company were trading at Rs 410.90 per share with a spurt in volume by more than 1.13 times on BSE.

The stock is up by 75 per cent from its 52-week low of Rs 239.05 per share. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.