Under Rs 100: Microcap Multibagger Construction Company Bags Order Worth Rs 2,69,00,000, Stock Rallied and Hits 52-Week High and Upper Circuit on Friday!
The company has been ranked as L1 for the “ARMO of Electrical and Mechanical Installations 2024-25 at Visakhapatnam Airport” contract.
Incorporated in 2017, This micro-cap construction company specializes in the development, maintenance, and operation of airports and related businesses. The company has been ranked as L1 for the contract titled “ARMO of Electrical and Mechanical Installations 2024-25 at Visakhapatnam Airport, including Operation & Maintenance of E and M Installations at the Terminal Building and Operational Area,” with a total contract value of Rs 2.69 crore (including GST).
On Wednesday, the shares of Abhishek Integrations Ltd closed at around Rs 99.90 per share on the NSE. The company’s current market capitalization stands at Rs 60.16 crore. Additionally, the company’s shares have delivered a return of over 200 per cent in the past 1 year.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the half yearly results, in the March FY24, Abhishek Integrations Ltd recorded a revenue of Rs 14.59 crore compared to Rs 13.76 crore. The operating profit stood at Rs 1.01 crore. The net profit stood at Rs 0.50 crore compared to a profit of Rs 0.34 crore. Looking at the annual performance, the company generated a revenue of Rs 25.45 crore in FY24. The operating profit for FY24 was Rs 1.75 crore with a net profit of Rs 0.77 crore compared to a net profit of Rs 0.67 crore in FY23.
Check out my recent article here.
Investors must keep this micro-cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
If you like Rakesh Deshmukh’s work, please rate it and leave your comments. We welcome your feedback and suggestions, so feel free to share your thoughts below.