Rs 7,100 million order book: This multibagger IT-software company receives an order extension from State Water and Sanitation Mission (SWSM)
The company has a market cap of over Rs 1,000 crore and gave multibagger returns of 215 per cent in just 1 year.
Ceinsys Tech Limited has secured a second extension for its role as a consultant in a major project undertaken by the State Water and Sanitation Mission (SWSM), Uttar Pradesh. The project involves the Third-Party Inspection (TPI) and monitoring of physical and financial progress for various rural water supply projects in the Chitrakoot cluster. This extension, awarded through a Quality and Cost Based Selection (QCBS) process, will keep Ceinsys engaged in the project until December 31, 2024.
The initial contract for this project was awarded to Ceinsys in the financial year 2021-22. This latest extension marks the second time the contract has been extended. The total value of the contract is variable and will be determined by the actual execution value of the contractors involved in the project over its duration. The order book of the company as of March 31, 2024, stands at Rs 7,100 million.
Ceinsys Tech Ltd is a 1998-founded enterprise specializing in geospatial and engineering services, software, and energy solutions. As an ISO and CMMI-certified company, it's part of the Meghe Group. Its core competencies include designing, managing and analysing geographic data, with a focus on energy systems, water management, product design and robotics. Ceinsys offers a range of services encompassing geospatial solutions like risk analytics, smart city planning and disaster management; as well as mobility solutions spanning from concept development to manufacturing engineering and electric vehicle technology.
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Today, shares of Ceinsys Tech Limited plunged 0.51 per cent to Rs 614.9 per share with an intraday high of Rs 627.80 and an intraday low of Rs 607 from its previous closing of Rs 618.05. The stock’s 52-week high is Rs 699 and its 52-week low is Rs 182.25. The company has a market cap of over Rs 1,000 crore and gave multibagger returns of 215 per cent in just 1 year.Investors should keep an eye on this IT-software company’s stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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