Multibagger from its 52-week low: This micro-cap company receives order worth Rs 14,33,700 from Rawmart Material Solutions Private Limited!
The stock gave multibagger returns of 139 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 for the design, manufacture, supply and installation of MS Pallets from Rawmart Material Solutions Private Limited for their unit based in Pune in Maharashtra. The order is worth Rs 14,33,700 and will be completed within this quarter.
Earlier, the company won the order for the design, manufacture, supply and installation of MS Deck Pallet from Mapro Foods Private Limited. The order is worth Rs 11,44,600 and will be executed within this quarter.
On Tuesday, shares of Alphalogic Industries Ltd plunged 5 per cent lower circuit to Rs 216.6 per share from its previous closing of Rs 228. 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 110.35 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 139 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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