Penny stock under Rs 30: This micro-cap civil construction company receives order worth Rs 2,24,16,222 from Tecnimont S.P.A.
The stock is up by 39 per cent in just 1 month.
Agni Green Power Ltd informed that The Tecnimont S.P.A. has placed a work order for the design, supply, installation, testing and commissioning of 391.3 KWP on-grid solar power plant at IOCL Paradip Refinery, Odisha. The total project value of the order is Rs 2,24,16,222 (Rupees Two Crore Twenty-four Lakhs Sixteen thousand two hundred and twenty-two only) which is exclusive of GST.
Incorporated in 1995, Agni Green Power Limited is engaged in the business of executing turn-key solar PV power plant projects. The company has two lines of business, including solar power plant designing, engineering, supply, procurement, construction, installation and commissioning (I&C), maintenance services, manufacturing and assembling of solar lighting systems, and other solar products.
Talking about the financials, Agni Green Power has a market cap of over Rs 50 crore. According to half-yearly results, the net sales increased by 272.53 per cent to Rs 17.36 crore and net profit increased by 164.21 per cent to Rs 2.53 crore in H2FY23 compared to H2FY22. As of June 2023, the promoters own a 70.57 per cent stake in the company and the rest 29.43 per cent stake is owned by the general public.
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On Friday, shares of Agni Green Power plunged 3.46 per cent to Rs 27.90 per share with an intraday high of Rs 29.55 and an intraday low of Rs 27.45. The stock’s 52-week high is Rs 42.15 and its 52-week low is Rs 17.
The stock is up by 38.73 per cent in just 1 month. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.