Back-to-back 52-week highs: Heavy buying was witnessed in this micro-cap stock as it received order worth Rs 1.61 crore from Haldirams!
The stock has a PE of 22.40x, a ROE of 84.40 per cent and a ROCE of 63 per cent.
Alphalogic Industries Ltd informed the exchange (BSE scrip code: 543937) that the company has won the order for the design, manufacture, supply and installation of a Mezzanine Floor Structure from Haldirams (Vevek Ethnic Foods Pvt Ltd.) for their unit based in Nagpur, Maharashtra. The order is worth Rs 1,61,42,400 (Rs 1.61 crore) and will be executed by the first week of September 2023.
On Monday, shares of Alphalogic Industries Ltd surged 2.81 per cent to make a new 52-week high of Rs 99 per share from its previous closing of Rs 96.29 per share. At the closing bell, shares of the company were trading at Rs 97 per share, up 0.74 per cent. The stock is hitting back-to-back 52-week highs in the past 2 trading sessions.
Alphalogic Industries is engaged in the design, manufacturing, supply and installation of industrial and institutional storage systems i.e., compactor storage system, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets & crates. The company has a market cap of Rs 50 crore. The net sales increased by per cent to Rs 18.02 crore and net profit skyrocketed by per cent to Rs 2.19 crore in FY23 over FY22.
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The shares of the company were listed on BSE on Friday, July 14, 2023 at Rs 96.29 per share as an S&P BSE SME IPO with a lot size of 1,200 shares. The stock has a PE of 22.40x, a ROE of 84.40 per cent and a ROCE of 63 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.