Heavy Buying Stock Under Rs 110: This Smallcap Company Bags Multiple Work Orders Worth Rs 49,52,00,000 from Central Ground Water Board Today!
The company has received 3 Letters of Award from the Central Ground Water Board (CGWB), Ministry of Jal Shakti, for projects in Madhya Pradesh and Chhattisgarh.
Incorporated in 2006, South West Pinnacle Exploration Ltd specializes in the drilling and exploration of coal, minerals, and coal-bed methane. As an ISO 9001:2015 certified company, SWPEL offers comprehensive exploration and mining services. It operates in the mineral and unconventional energy resources sectors, focusing on drilling and exploration activities.
The company has received 3 Letters of Award from the Central Ground Water Board (CGWB), Ministry of Jal Shakti, for projects in Madhya Pradesh and Chhattisgarh. The contracts, valued at approximately Rs 49.52 crores including GST, cover the construction of piezometers in both soft and hard rock, as well as the supply, installation, and commissioning of DWLRs, telemetry, and data acquisition systems. The projects are to be completed within an estimated timeframe of one year and ten months. The individual contract values are Rs 30.57 crore, Rs 10.15 crore, and Rs 8.80 crore.
Today shares of South West Pinnacle Exploration Ltd closed at around Rs 106.90 per share. The company’s current market capitalization stands at Rs 298.28 crore.
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As per the Quarterly Results, in Q4 FY24, South West Pinnacle Exploration Ltd recorded a revenue of Rs 45 crore. The operating profit for Q4 FY24 stood at Rs 7.83 crore. The net profit for Q4 FY24 stood at Rs 2.24 crore compared to a profit of Rs 3.33 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 133 crore in FY24. The operating profit for FY24 was Rs 25 crore with a net profit of Rs 7 crore compared to a net profit of Rs 8 crore in FY23.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.