Penny Stock Under Rs 100: Company Bags Order Worth Rs 53 Million From Luminous Power Technologies Pvt Ltd
The stock is up by 24 per cent from its 52-week low of Rs 73 per share.
Apex Ecotech Limited announced the receipt of a significant domestic order from Luminous Power Technologies Private Limited, valued at approximately Rs 53 million. This turnkey contract entails the supply, installation, testing, and commissioning of a state-of-the-art Zero Liquid Discharge (ZLD) system, with standard industry terms and conditions applicable. The project is slated for completion within a 6-month timeframe.
Founded in 2009 and ISO 9001:2015 certified, Apex Ecotech Limited is an Engineering, Procurement, and Construction (EPC) contractor specializing in comprehensive water and wastewater treatment, recycling, and reuse solutions across various applications; their offerings include Water Treatment Plants (WTP) for industrial and domestic use, Wastewater Treatment Plants (WWTP) to meet pollution standards and enable reuse, high-recovery Zero Liquid Discharge (ZLD) systems, Operations & Maintenance (O&M) services with SCADA monitoring, and the provision of specialized chemicals and spare parts.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.
The company has a market cap of over Rs 100 crore. The stock is up by 24 per cent from its 52-week low of Rs 73 per share. The shares of the company have a PE of 17x, an ROE of 60 per cent and an ROCE of 79 per cent. Investors should keep an eye on this low pe, high ROE and high ROCE stock.
Disclaimer: The article is for informational purposes only and not investment advice.