Rs 72,27,759.60 order boost: This micro-cap company receives new project from Oil and Natural Gas Corporation Ltd; scrip gains over 5 per cent!

The stock is up by 29.1 per cent from its 52-week low of Rs 162.55 per share and down by 20.5 per cent from its 52-week high of Rs 264 per share.

EP Biocomposites Limited informed that the company has received an order for the design, supply, installation, testing and commissioning of a sewage treatment plant (STP) of 100 KLD capacity (MBR-based) including civil and electrification work with all necessary utilities from Oil and Natural Gas Corporation Limited. The order value is INR 72,27,759.60. The prestigious order represents around 10 per cent of the entire turnover from the previous financial year 2022-23 and is proposed to be completed within the financial year 2023-24.

On Friday, shares of EP Biocomposites Ltd gained 5.9 per cent to an intraday high of Rs 216 per share. At the closing bell, shares of the company were trading at Rs 209.8 per share, up 2.87 per cent. The stock has a 52-week high of Rs 264 and a 52-week low of Rs 162.55.

EP Biocomposites Limited manufactures environment-friendly architectural products. The company offers bio-digester toilets, effluent treatment plants, FRP doors, and passive fire protection products. EP Biocomposites serves customers in India. The company has a market cap of Rs 35.28 crore.

According to the financial, the company reported positive numbers in its half-yearly results and annual results. In H2FY24, the company reported net sales of Rs 4.4 crore and net profit of Rs 0.22 crore while in FY23, the company reported net sales of Rs 7.13 crore and net profit of Rs 0.58 crore.

The stock is up by 29.1 per cent from its 52-week low of Rs 162.55 per share and down by 20.5 per cent from its 52-week high of Rs 264 per share. Investors should keep an eye on this micro-cap stock.

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