Transformers Manufacturer Hits Back-to-Back Upper Circuit – Recently Secured Order from Ashoka Buildcon Worth Rs 23,66,12,285!
The company’s shares have delivered an impressive return of over 135 per cent to its shareholders.
This small-cap company's shares have been hitting back-to-back upper circuits for the last two trading sessions. Founded in July 2008, Akanksha Power and Infrastructure Ltd is a Small-Cap company engaged in manufacturing electrical equipment, including switchboards, transformers, and vacuum contactors for institutions, industries, and utilities.
The company recently received a work order from Ashoka Buildcon Ltd for the "Supply of Power Quality Solution." The total value of the purchase order is Rs 23,66,12,285 (Rupees Twenty-Three Crore Sixty-Six Lakh Twelve Thousand Two Hundred Eighty-Five only), inclusive of 18% GST. The contract is set to be executed within this financial year.
Today, the shares of Akanksha Power and Infrastructure Ltd hit the upper circuit once again, currently trading around Rs 135.25 per share on the NSE. The company's market capitalization stands at Rs 241.20 crore. Additionally, the shares have delivered a multibagger return of over 135 per cent compared to the final IPO price of Rs 55.
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Looking at the annual performance, the company generated a revenue of Rs 56.53 crore in FY24. The operating profit for FY24 was Rs 5.63 crore with a net profit of Rs 2.79 crore compared to a net profit of Rs 2.84 crore in FY23.
According to the company's shareholding pattern, the promoters hold a significant 60.81 per cent stake. Public investors own 34.95 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 3.18 per cent and Domestic Institutional Investors (DIIs) own 1.07 per cent.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.