Penny stock under Rs 100: This micro-cap company receives single largest order worth Rs 112,74,62,400 from Mangalore Refinery and Petrochemicals Limited

The stock skyrocketed over 90 per cent from its 52-week low of Rs 44.25 to its 52-week high of Rs 84.39.

BGR Energy Ltd informed exchanges that the product business division of the company has received the single largest order from Mangalore Refinery and Petrochemicals Limited for the supply of Air-Cooled Heat Exchanges (ACHE). The contract value is Rs 112,74,62,400 (including taxes and duties) and will be delivered within 12 months.

BGR Energy Systems Ltd., a company founded in 1985, manufactures capital equipment for power plants, petrochemical industries, refineries, and process industries. The company also undertakes turnkey balance of plant (BOP) and engineering, procurement, and construction (EPC) contracts for power plants. The company has a market cap of Rs 591 crore with a 3-year stock price CAGR of 35 per cent.

Today, shares of BGR Energy Ltd plunged 0.86 per cent to Rs 81.95 per share with an intraday high of Rs 84.39 per and an intraday low of Rs 81.45 per share. The stock also made a new 52-week high of Rs 84.39 per share with a spurt in volume by more than 3.62 times on BSE.  

According to the shareholding pattern, promoters own the majority of the stake i.e., 75 per cent stake. FIIs own 0.03 per cent stake, DIIs own 0.26 per cent stake and the rest 24.71 per cent stake is owned by the public.

The stock skyrocketed over 90 per cent from its 52-week low of Rs 44.25 to its 52-week high of Rs 84.39. Investors should keep an eye on this micro-cap stock.

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