Heavy buying: Micro-cap engineering stock hits upper circuit today, recently bagged order from Airports Authority of India worth Rs 22,68,00,000!

The stock has delivered a remarkable return of over 120 per cent in just 1 year.

Today this micro-cap company grabbed investors’ attention resulting in stock hitting the upper circuit with only buyers available, at the start of the day's trading session, the stock opened at Rs 423 per share, compared to the previous day's closing figure of Rs 424.65 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 467.10 per share on the NSE. The stock has reached the upper circuit price limit of 10 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalization of Anlon Technology Solutions stands at Rs 262 crore, and the stock has generated an impressive multibagger return of around 128 per cent in the past year.

Order bagged by Anlon Technology Solutions:

Recently, the Company has been awarded a substantial contract by the Airports Authority of India (AAI). The contract involves the supply, installation, testing, and commissioning of four Trackjet Runway Rubber Removal Machines. Additionally, the company will provide operations and routine maintenance services for these machines over a period of 10 years, including a 2-year defect liability period (DLP).

The contract was valued at Rs 22.68 crores inclusive of GST and is set to be executed within a strict timeline. The delivery of the machines is scheduled to be completed by May 27, 2025, with the maintenance services commencing thereafter.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 17.43 crore and a net profit of Rs 2.30 crore. In FY24, the company reported a revenue of Rs 35.02 crore and a net profit of Rs 4.52 crore, compared to a net profit of Rs 4.44 crore in the previous year.

Incorporated in 2015, Anlon Technology Solutions Limited is primarily engaged in the business of providing engineering services. The company provides engineering services for engineering systems built on automotive chassis and allied areas, primarily for airports, high-rise buildings, and refineries.

Investors must keep this micro-cap stock on their radar.

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