Multibagger stock at Rs 36.45 hit upper circuit as company commissions a 675-KWp solar power project

The stock is up by 98.31 per cent from its 52-week low of Rs 18.38 per share.

SBEC Systems (India) Ltd is announcing the successful commissioning of their 675 kilowatt-peak (KWp) solar power project located at Modi Arc Electrode Company, Modi Industries Compound, Delhi Meerut Road, Modinagar-201204, Uttar Pradesh. This announcement is made following Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The project is operational as of July 16, 2024.

SBEC Systems (India) Ltd, established in 1987, is an engineering and consultancy company that caters to the sugar and power industries. They offer a wide range of services including scientific and technical consultations, designing and planning for various projects and fabrication, erection, and commissioning of those projects. Additionally, they provide high-tech equipment specifically suited for the sugar and power industries.

On Tuesday, shares of SBEC Systems (India) Ltd were locked in a 5 per cent to 36.45 per share from its previous closing of Rs 34.72. The stock’s 52-week high is Rs 44.58 and its 52-week low is Rs 18.38.

The company has a market cap of Rs 36.45 crore and reported positive numbers in its Quarterly Results (Q4FY24) and its annual results (FY24). A 51 per cent stake is owned by the promoters and the remaining 49 per cent stake is owned by the public shareholders. The stock is up by 98.31 per cent from its 52-week low of Rs 18.38 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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