Air Pollution Solution: Micro-cap Environmental Multibagger Poised to Purify Mumbai Air!
Techknowgreen Solutions Chosen to Battle Air Pollution in Mumbai Stock jumps 7.54 per ccent in a day, this recently listed IPO works in the space of environmental consulting service
Guardian Minister Mr. Deepak Kesarkar announced on Wednesday about six cutting-edge anti-pollution technologies and their providers. Among the selected companies, Techknowgreen Solutions Limited has emerged as a key player, tasked with providing their cutting-edge technology units to tackle air pollution at traffic hotspots across the city. The company has recently been listed through an initial public offering on BSE. This development looks promising from the perspective of the company's investors.
Techknowgreen Solutions’ technology units are specifically designed to purify the air in Mumbai City. Each unit has the impressive capability to clear 6,000 to 12,000 cubic meters of air per day, which will improve the air quality for residents. For investors keen on tracking stock market trends, Techknowgreen Solutions' selection in this crucial project opens up promising revenue opportunities.
As the battle against air pollution gains momentum in Mumbai, investors may want to keep a close eye on Techknowgreen Solutions Limited, as their innovative approach to purifying the city's air could translate into significant stock market gains in the near future.
Techknowgreen Solutions' IPO was listed on BSE SME at a 1.2 per cent premium, with a share price of Rs. 87, slightly higher than the issue price of Rs. 86 on Wednesday. On October 26, 2023, it had a bulk deal, and on Thursday, the stock gained more than 7 per cent, showing a V-shaped recovery during intraday. The stock has provided a remarkable 110 per cent return since its listing.
Here's a financial snapshot of Techknowgreen Solutions
- Market Cap: Rs. 142 Crores
- Current Price: Rs. 192
- High / Low (52-Week Range): Rs. 203 / Rs. 86.1
- Stock P/E (Price-to-Earnings Ratio): 31.5
- Return on Capital Employed (ROCE): 83.1 per cent
- Return on Equity (ROE): 91.1 per cent
- Face Value: Rs. 10.0
- Sales Growth (1 Year): 50.4 per cent
- Debt to Equity Ratio: 0.45
Disclaimer: The article is for informational purposes only and not investment advice.