Big order alert: This micro-cap solar consultancy company bags multiple order worth Rs 55 lakhs!

Shares of the company have gained about 50 per cent in the last six months.

Ahasolar Technologies Limited informed in the exchange filing that the company had received a new work order worth Rs 25 lakhs. The order is from Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for consultancy services for BrihanMumbai Electric Supply and Transport (BEST) to install rooftop solar PV panels at 27 depots and other available areas. The order is worth Rs 25 lakhs.

The company has also bagged an order from Hindustan Petroleum Corporation Limited worth Rs 30 lakhs. The order is for consultancy services for solar power plant pre-feasibility report at different locations in India.

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Ahasolar Technologies Limited is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation. Ahasolar Technologies Limited is also involved in the business of Advisory for sustainable development and energy transition to renewables.

On Friday, the stock opened at Rs 308.00, with a high and low of Rs 326.00 and Rs 301.05. The stock is closed trading at Rs 326.00, up by 4.81 per cent over its previous close of Rs 311.05.

The stock has a 52-week high of Rs 473.00 and a 52-week low of Rs 203.00. The company has an ROCE of 58.4 per cent and an ROE of 65.7 per cent, with a market capitalisation of Rs 100 crore.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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