This micro-cap company bags new orders worth Rs 51,29,068.50 from the National Film Archive of India, Government of India, Ministry of I&B
The stock gave multibagger returns of 157.4 per cent from its 52-week low of Rs 89.78 per share
Alphalogic Industries Limited has been awarded a contract by the National Film Archive of India, a government organization under the Ministry of Information and Broadcasting. This contract involves the complete process of designing, producing, delivering, and installing specialized storage systems known as Mobile & Fixed Racks. These racks will be used to store and organize valuable film collections at the National Film Archive's Pune facility in Maharashtra, India.
The contract is a domestic agreement, meaning that both Alphalogic Industries and the National Film Archive are based within India. The project is expected to be completed within the current quarter, which typically spans three months. The total value of the contract is Rs 51,29,068.50 (Fifty-one Lakhs Twenty-Nine Thousand Sixty-Eight Rupees and Fifty Paise), excluding the Goods and Services Tax (GST).
Alphalogic Industries is engaged in the design, manufacturing, supply and installation of industrial and institutional storage systems i.e., compactor storage systems, heavy-duty storage racks, cantilever racks, lockers, mezzanine floors, metal pallets and crates. The company has a market cap of over Rs 235.47 crore.
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On Monday, shares of Alphalogic Industries Ltd plunged 4.88 per cent to Rs 231.10 per share from its previous closing of Rs 242.95 with an intraday high of Rs 236 and an intraday low of Rs 231. The stock’s 52-week high is Rs 345 and its 52-week low is Rs 89.78.
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 an ROE of 55 per cent and an ROCE of 42 per cent. The stock gave multibagger returns of 157.4 per cent from its 52-week low of Rs 89.78 per share. Investors should keep an eye on this SME stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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