Rs 380 crore order book: This micro-cap company receives order worth Rs 25.09 crore from Titagarh Wagons Ltd!
Today, the shares surged by 5 percent, hitting the upper circuit.
Cosmic CRF Limited informed that the company has bagged an order worth a basic value of Rs 21.27 crore corresponding to a gross amount of Rs 25.09 crore (Inclusive of GST). The order is expected to be completed within the next 4 months. As of date the total value of the order in hand including this order amount to Rs 380 crore.
On Friday, one of the Top Gainers on BSE, shares of Cosmic CRF Limited jumped 5 per cent upper circuit to Rs 237.50 per share from its previous closing of Rs 226.20. The stock has a 52-week high of Rs 251.20 and a 52-week low of Rs 204.70.
Cosmic CRF is engaged in the manufacturing of railway components, sheet piles and structures. Cosmic CRF Limited is a qualified and RDSO-approved supplier of cold-rolled stainless sections to renowned wagon manufacturers. In addition to this, the company also supplies cold rolled stainless sections to direct orders of the railways through tender procurement.
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According to the financials, Cosmic CRF has a market cap of Rs 164.29 crore. The company reported net sales of Rs 121.49 crore, operating profit of Rs 12.14 crore and a net profit of Rs 6.41 crore in FY23.
The stock was listed recently on BSE on June 30, 2023 at Rs 238.65 per share. Investors should keep an eye on this micro-cap stock.