Multibagger from its 52-week low: This micro-cap company receives new order worth Rs 70,23,645 from Swiggy!
The stock gave multibagger returns of over 100 per cent from its 52-week low is Rs 95.6 per share.
Alphalogic Industries Ltd informed the exchange (BSE scrip code: 543937) that the company has won an order to design, manufacture, supply and install of storage racking system from Scootsy Logistics Private Limited (popularly known as Swiggy) for their units based in Chennai in Tamil Nadu at three locations, Indore in Madhya Pradesh, Padur in Tamil Nadu & Wagholi and Navi Mumbai, both in Maharashtra. The order is worth Rs 70,23,645.
Scootsy Logistics Private Limited is a subsidiary company of Swiggy.
Earlier, the company received an order to design, manufacture, supply and installation of MS Pallets from Rawmart Material Solutions Private Limited for their unit based in Pune Maharashtra. The order is worth Rs 14,33,700 and will be completed within this quarter.
On Friday, shares of Alphalogic Industries Ltd plunged 4.15 per cent to Rs 190.60 per share from its previous closing of Rs 198.85. The stock’s 52-week high is Rs 251.9 per share and its 52-week low is Rs 95.60.
Alphalogic Industries is engaged in the design, manufacturing, supply and installation of industrial and institutional storage systems i.e., compactor storage system, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets & crates. The company has a market cap of Rs 97.10 crore. The net sales increased by per cent to Rs 18.02 crore and net profit skyrocketed by per cent to Rs 2.19 crore in FY23 over FY22.
The shares of the company were listed on BSE on Friday, July 14, 2023 at Rs 96.29 per share as an S&P BSE SME IPO with a lot size of 1,200 shares. The stock has a PE of 41.20x, a ROE of 84.4 per cent and a ROCE of 63 per cent.
The stock gave multibagger returns of over 100 per cent from its 52-week low is Rs 95.6 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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