Upper circuit alert and heavy buying: This micro-cap environmental consulting company bags a new work order worth Rs 53 million!

The shares of the company have gained about 85.00 per cent within one month.

Shares of Techknowgreen Solutions Limited were locked in the upper circuit on Thursday, gaining 20.00 per cent. The company has bagged an order worth Rs 53 million. The order is for the disposal of radioactive spent catalysts and safe closure- after the application of Safe Closure. The order is expected to be completed within 6 months. 

Techknowgreen Solutions is a leading Indian environmental company that helps businesses comply with environmental regulations and implement sustainable practices. It operates in a USD 8 billion potential market in India across consulting and environmental technology domains.

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The company has a team of over 70 experts who have worked on over 2,500 projects in the past two decades. Techknowgreen is led by three experienced professionals with a deep understanding of the environment industry. The company is in an accelerated growth phase and has raised Rs 160 million through a primary issue via an IPO on the SME exchange. Shares of the company have gained more than 80 per cent since listing within a month.

On Thursday, the stock opened at Rs 154.70, with a high and low of Rs 169.30 and Rs 148.00. The stock is closed trading at Rs 169.30, up by 20.00 per cent over its previous close of Rs 141.10.

The stock has a 52-week high of Rs 169.30 and a 52-week low of Rs 86.10. The company has an ROCE of 83.1 per cent and an ROE of 91.1 per cent, with a market capitalisation of Rs 125 crore.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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