This Small-Cap Company Bags Order Worth Rs 12,37,60,000 from Himachal Pradesh State Electricity Board; Stock Hits Upper Circuit Today!
The company’s shares have delivered an impressive return of over 140 per cent compared to its final IPO issue price.
Esconet Technologies Limited specializes in high-end supercomputing solutions and data center facilities, offering a wide range of services including storage servers, network security, virtualization, and data protection.
The company recently secured a new contract from Himachal Pradesh State Electricity Board Limited for the Upgradation of ISU Billing IT Infrastructure at their Data Center in Shimla and Disaster Recovery Center. The total contract value amounts to Rs 12,37,60,000 (Rupees Twelve Crore Thirty-Seven Lakh Sixty Thousand Only). The project is scheduled to be completed within 180 days of delivery, with a contract period of 5 years commencing from the project's completion date.
The company provides Servers and Graphics Workstations, Comprehensive Data Storage Solutions, Virtualization Software, Backup and Disaster Recovery Solutions, Data Centre and Access Networks, Advanced Software Defined Networks, Network Security Tools, Email Communication Systems, Databases with High Availability, and Log Management and Analytics Software.
Share Performance:
Today the shares of Esconet Technologies Limited closed the day at Rs 202.85 per share. The company’s current market capitalization stands at Rs 250.72 crore. The stock has delivered a multibagger return of over 140 per cent compared to its final IPO issue price of Rs 84 per share.
Financial performance:
According to the Quarterly Results, in Q4 FY24, Esconet Technologies Limited reported a revenue of Rs 66 crore and an operating profit of Rs 4 crore. The operating profit margin for the quarter stands at 7 per cent. The company’s net profit stood at Rs 2 crore. In FY24, the company reported a revenue of Rs 137 crore compared to Rs 95 crore, and a net profit of Rs 5 crore, compared to a profit of Rs 3 crore in the previous year.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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