After securing an order worth Rs 78 crore, the shares of this company have soared!
While majority of the BSE indices fell today, shares of this company soared 2.52 per cent to Rs 67 per share.
Innovators Facade Systems Ltd received a work order from Vivrut Developers Private Limited yesterday for an estimated Rs 78 crore for the design, supply, fabrication and installation of facade work for "Koregaon Park" in Pune.
According to the company's yearly consolidated financial statistics, net sales for Q2FY23 were up 35.48 per cent from the same period the previous year. When compared to Q2FY22, operating profit for Q2FY23 climbed to 32.64 per cent. Compared to Q2FY22, when the net profit was Rs 0.92 crore, it climbed to Rs 1.60 crore or 73.24 per cent.
Innovations Facade Systems Ltd. was established in 1999. The company is engaged in designing, engineering, fabrication and installation of facade systems. It offers a different range of products to meet the demands of its customers. Its product basket ranges from glazing curtain walls, high-end doors & windows, skylights, stone cladding, roofing, etc.
While majority of the BSE indices fell today, shares of Innovators Facade Systems Ltd soared 2.52 per cent to Rs 67 per share. Also, the company had a spurt in volume by more than 1.73 times.
Investors must keep an eye on this stock.