52-week high alert in this multibagger stock: This micro-cap company receives new orders worth Rs 101,79,437 from Swiggy and Trinity Engineers Pvt Ltd!
The stock gave multibagger returns of 188.40 per cent from its 52-week low is Rs 95.6 per share.
Alphalogic Industries Ltd informed the exchange (BSE scrip code: 543937) that the company has won an order worth Rs 101,79,437 from various clients. Here are the details:
Order No – 1: The company received an order worth Rs 71,10,257 from Scootsy Logistics Private Limited. The order includes the design, manufacture, supply and installation of the storage racking system within this month. (Scootsy Logistics Private Limited is a subsidiary company of Swiggy).
Order No – 2: The company received another order worth Rs 30,69,180 from Trinity Engineers Private Limited. The order includes the design, manufacture, supply and installation of MS pallet and storage rack solutions within this quarter.
On Friday, shares of Alphalogic Industries Ltd surged 6.10 per cent to Rs 270.30 per share from its previous closing of Rs 254.75 with an intraday high of Rs 277.70 and an intraday low of Rs 251. The stock also made a new 52-week high of Rs 277.70 per share.
Alphalogic Industries is engaged in the design, manufacturing, supply and installation of industrial and institutional storage systems i.e., compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets and crates. The company has a market cap of Rs 97.10 crore. The net sales increased by per cent to Rs 18.02 crore and net profit skyrocketed by per cent to Rs 2.19 crore in FY23 over FY22.
The shares of the company were listed on BSE on Friday, July 14, 2023, at Rs 96.29 per share as an S&P BSE SME IPO with a lot size of 1,200 shares. The stock has a PE of 41.20x, a ROE of 84.4 per cent and a ROCE of 63 per cent.
The stock gave multibagger returns of 188.40 per cent from its 52-week low is Rs 95.6 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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.