Upper circuit alert: Environmental IT solutions provider bags new order worth Rs 3,13,00,000 from Gargantuan Industrial Space Solutions Pvt Ltd
The stock is up by 87 per cent from its 52-week low of Rs 138.10 per share.
On Wednesday, shares of Techknowgreen Solutions Ltd hit a 5 per cent upper circuit to Rs 257.95 per share from its previous closing of Rs 245.80 per share. The stock’s 52-week high is Rs 360 per share and its 52-week low is Rs 138.10 per share.
Techknowgreen Solutions Limited has secured a work order from Gargantuan Industrial Space Solutions Private Limited valued at Rs 3,13,00,000 excluding GST. The project scope encompasses a comprehensive range of services including Whole building Life cycle assessment, supply of 6 Yuka yantra units, Dispersion modelling for point and line source, MEP evaluation design basis, operation efficacy for net zero, GHG inventory for scopes 1, 2 & 3, and Carbon - net zero for construction with assurance. Payment terms are structured as 50% upon commencement of works and 50 per cent upon project completion, alongside other general terms and conditions outlined in the agreement. While the overall project timeline extends till 2027, Techknowgreen Solutions Limited's scope of work is anticipated to be completed within 8 weeks, with an estimated completion date by the end of March 2025.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Techknowgreen Solutions Ltd (TGSL), a leading environmental IT solutions provider, was established in 2001. With a strong focus on sustainability and regulatory compliance, TGSL offers a comprehensive range of services, including Environmental Impact Assessment, ESG and Climate Change consulting, Environmental Compliance management, Due Diligence assessments, DPR and Designing, and Environment Crime Investigation. The company has successfully executed over 2,500 projects across various sectors, leveraging cutting-edge software applications and innovative technologies to address complex environmental challenges. TGSL's commitment to excellence is reflected in its ISO 9001-2015 certification and NABET accreditation.
The company has a market cap of Rs 190 crore and the order book stands at Rs 40 crore. The stock is up by 87 per cent from its 52-week low of Rs 138.10 per share. The shares of the company have an ROE of 37 per cent and an ROCE of 48 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.