From Delhi’s Sarai Kale Khan Chowk to Birsa Munda Chowk: The Company Behind the Statue, which Symbolizes the Courage, Strength, and Spirit of Birsa Munda – Stock Hits Upper Circuit
The company’s shares have delivered an impressive return of over 240 per cent to its shareholders.
On Friday, Union Home Minister Amit Shah renamed Sarai Kale Khan Chowk to Birsa Munda Chowk during an event marking the 150th birth anniversary of the tribal leader in Baansera. He also unveiled a 20-foot statue of Birsa Munda at the entrance of Baansera and praised the efforts to restore the 30-acre site, which has now been transformed into a bird sanctuary.
As per the company’s press release, Z-Tech (India) has designed and built this 20-foot statue of the legendary tribal leader Birsa Munda. Known for his pivotal role in India's freedom struggle and advocacy for tribal rights, Birsa Munda's legacy is immortalized through this monumental statue.
Additionally, as part of the tribute to Birsa Munda, Shri Amit Shah renamed Delhi's Sarai Kale Khan Chowk to Birsa Munda Chowk, further cementing the leader’s enduring legacy. This initiative underscores the company's commitment to enriching the nation's cultural landscape. The statue symbolizes the courage, strength, and spirit of Birsa Munda, offering inspiration to future generations. The creation of this statue was a detailed and skillful effort, carried out by artisans and engineers who exemplified excellence in their craftsmanship.
Company Overview
Incorporated in November 1994, Z-Tech (India) is engaged in designing civil engineering products and providing advanced geotechnical solutions for infrastructure and civil construction projects in India. The company is also active in the waste management sector, focusing on creating theme parks using recycled scrap materials. Notable projects include Waste to Wonder Park in New Delhi, Bharat Darshan Park in New Delhi, Kathak Selfie Park in Lucknow, and Periyakulam Selfie Park in Coimbatore.
Financial and Share Performance
Today, the shares of this Small-Cap company rally and hit the upper circuit and currently are at around Rs 378.70 per share on the NSE. The company’s current market capitalization stands at Rs 484.63 crore. Additionally, the shares have delivered an impressive return of over 240 per cent compared to its final IPO issue price of Rs 110 each.
Looking at the annual performance, Z-Tech (India) generated a revenue of Rs 67.32 crore in FY24 compared to Rs 25.73 crore representing a gain of 162 per cent. The operating profit for FY24 was Rs 11.21 crore with a net profit of Rs 7.80 crore compared to a net profit of Rs 1.96 crore in FY23 representing a gain of around 300 per cent YoY.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.