Fire hydrant & fire alarm system company bags new order worth Rs 165.59 lakh at Visakhapatnam Airport

The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 26.05 per share.

On Monday, shares of Abhishek Integrations Limited hit a 5 per cent lower circuit to Rs 104.85 per share from its previous closing of Rs 109.50 per share. The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 26.05 per share.

Abhishek Integrations Limited (AIL) was awarded the work contract “ARMO of Electrical and Mechanical Installations 2024-25 at Visakhapatnam Airport. SH: Operation and Maintenance of Electrical & Mechanical installations at 33 KV Substation, STP, AMC of Fire Hydrant & CMC of Fire alarm system having a total contract value of Rs 165.59 lakh including GST.

Earlier, AIL was selected as the top bidder (L-1) for a two-year contract to maintain the electrical and mechanical installations at Bhubaneswar Airport. The contract is valued at Rs 535.62 lakh (including GST).

Abhishek Integrations Limited, founded in 2017, has been involved in the development, maintenance, and operation of airports and related services in India. The company has completed numerous projects across the country, including electrical and mechanical installations, firefighting systems and airfield lighting systems. Since acquiring Abhishek Associates and its projects in 2021, Abhishek Integrations has expanded its scope and expertise in the airport infrastructure sector.

According to the financials, the company has a market cap of 62.65 crore. The promotors of the company hold a 67.72 per cent stake in the company and the rest is owned by the general public which is 32.28 per cent as of June 2024. 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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