Penny stock under Rs 80 to keep under radar as company bags orders worth Rs 86.6 lakh from Mumbai & Mangaluru International Airports
The stock is up by 95 per cent from its 52-week low of Rs 39 per share.
Harshdeep Hortico Limited, one of the few organised players and the only listed company in horticulture accessories and garden furniture segments has announced new order wins worth Rs 86.6 lakh. The new orders comprise manufacturing and supplying of customised planters to Mumbai and Mangaluru Airports operated by Adani Group. The order value to supply the indoor planters to Mumbai International Airport Limited is Rs 64.90 lakh whereas the order value for Mangaluru Airport is Rs 21.7 lakh; totalling Rs 86.6 lakh.
Harshdeep Hortico will fulfil these orders within 120 days. Harshdeep Hortico’s has beautified India’s various marquee installations with its customised planters. Many airports, hotels, malls, and corporate premises are Harshdeep Hortico’s long-term customers which opts for Harshdeep’s innovative designs for planters to enhance the overall appearance and bring warmth to their indoor as well as outdoor areas.
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Harshdeep Hortico Limited (BSE: 544105) is India’s leading pots & planters, garden accessories and outdoor furniture company. Backed by an in-house design team, two manufacturing units, 3 company-owned stores, 10 exclusive distributors, and a well-established omni-channel sales network, Harshdeep’s 500-plus varieties of pots & planters are available in 27 states & union territories within India, and in select countries in Europe, Africa and Asia. Harshdeep Hortico Ltd. is committed to driving innovation and growth in the horticultural sector by leveraging emerging technologies and sustainable practices to enhance our product offerings and operational efficiency. Harshdeep Hortico Limited is listed on the BSE SME Exchange.
The company has a market cap of Rs 121.77 crore. On Tuesday, shares of Harshdeep Hortico Limited gained 0.45 per cent to Rs 76 per share from its previous closing of Rs 75.66 per share. The stock is up by 95 per cent from its 52-week low of Rs 39 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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