Multibagger from its 52-week low: Micro-cap company receives order from Thane Municipal Corporation; scrip hit upper circuit!
The shares of the company have an ROE of 25.2 per cent and a ROCE of 26.7 per cent.
Urban Enviro Waste Management Limited informed that the company has received a work order from Thane Municipal Corporation, for daily cleaning of the main street and sub-street of Thane Municipal sector Group no. 15 (Patlipada). The period of the contract is for 1 year.
Earlier, the company received a work order from Thane Municipal Corporation, for daily cleaning of the main street and sub-street of Thane Municipal sector Group no. 13 (Ovala). The period of the contract is for 1 year.
Today, shares of Urban Enviro Waste Management jumped 5 per cent upper circuit to Rs 149.10 per share from its previous closing of Rs 142. The stock’s 52-week high is Rs 168.95 and its 52-week low is Rs 72.2.
Incorporated in 2011, Urban Enviro Waste Management Limited provides waste management solutions & municipal solid waste (MSW) management services. The company has a market cap of Rs 64.6 crore and has a good return on equity (ROE) track record: 3-year ROE 51.9 per cent.
According to the annual results, the net sales increased by 99 per cent to Rs 39.16 crore, operating profit increased by 118 per cent to Rs 7.82 crore and net profit increased by 34 per cent to Rs 2.16 crore in FY23 compared to FY22.
The shares of the company have an ROE of 25.2 per cent and a ROCE of 26.7 per cent. The stock gave multibagger returns of per cent from its 52-week low of Rs 72.2 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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