52-week high alert: This microcap stock surged over 13 per cent on securing an order from Shoppers Stop!
The stock saw a spurt in volume by 1.85 times on BSE.
Shoppers Stop has awarded Alphalogic Industries Ltd a contract for the design, manufacturing, delivery, and installation of a Storage Racking System and a Staff Locker for its operation in Warangal, Telangana. The firm has received an order for Rs 6.09 lakh. The order must be carried out by the end of August 2023.
Recently, four bulk deals took place on July 14-28, 2023. Luxmi Rani Chamaria bought 39,600 shares at Rs 119.24 per share, Deepti Jain bought 28,800 shares at Rs 96.79 per share, Saranga B Kasangottuwar bought 81,600 shares at Rs 96.01 per share, and Abhishek Kumar Mahipal bought 32,400 shares at Rs 96.00 per share. These bulk deals represent a significant amount of trading activity and could indicate that investors are bullish on the stock.
DSIJ offers a service 'Tiny Treasure' with recommendations for Small-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Alphalogic Industries is currently trading at Rs 135.00, up by 15.68 points or 13.14% from its previous closing of Rs 119.32 on the BSE. The scrip opened at Rs 130.00 and has touched a high and low of Rs 139.90 and Rs 127.95 respectively. So far 37,200 shares were traded on the counter. The stock saw a spurt in volume by 1.85 times on Bse.
The BSE group 'M' stock of face value of Rs 10 has touched a 52-week high of Rs 139.90 on 31-Jul-2023 and a 52-week low of Rs 95.60 on 21-Jul-2023. Last one week high and low of the scrip stood at Rs 139.90 and Rs 96.00 respectively. The current market cap of the company is Rs 60.79 crore.
Alphalogic Industries is engaged in the Design, Manufacturing, Supply, and Installation of Industrial and Institutional Storage Systems.
Disclaimer: The article is for informational purposes only and not investment advice.