Rs 96,00,00,000 order book: This micro-cap company bags new orders worth Rs 36,40,00,000 from Indonesia

The company has a market cap of over Rs 200 crore with a PE of 16.9x whereas the industry PE is 40.2x.

Aarvi Encon Limited announced that their Indonesian subsidiary, PT Aarvi Encon Services, secured a new work order worth Rs 36,40,00,000 (over 70 billion Indonesian Rupiah) to provide manpower services to a leading multinational engineering company in Indonesia. This new contract adds to PT Aarvi Encon Services' existing order book in Indonesia, bringing the total value to over Rs 96,00,00,000 as of April 10, 2024. Due to a non-disclosure agreement, the specific client's name is not revealed. The contract covers manpower supply services from April 18, 2024, to April 30, 2026, and assures Aarvi Encon Limited does not have any conflicting interests with the client.

On Wednesday, shares of Aarvi Encon Ltd surged 2 per cent to Rs 136 per share with an intraday high of Rs 136 and an intraday low of Rs 132.10. The stock’s 52-week high is Rs 183.90 and its 52-week low is Rs 113.  

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Aarvi Encon Limited operates as a manpower outsourcing company. The company employs in the areas of information technology, engineering, oil and gas, metal and mineral, LNG, fertilizers, telecommunication, petrochemicals, pipeline, infrastructure, renewable energy, cement, railways, and power sectors. Aarvi Encon serves customers worldwide.

The company has a market cap of over Rs 200 crore with a PE of 16.9x whereas the industry PE is 40.2x. The stock is up by 21 per cent from its 52-week low is Rs 113 per share and gave multibagger returns of 163 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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