This small-cap company continues to bag massive orders after successful FY 22-23 order inflow!
he order inflow for FY 22-23 stood at Rs 5056.97 crore
Ahluwalia Contracts (India) is engaged in engineering and contract construction, delivering state of-the-art infrastructure and buildings projects for clients in India. The company has experience in working on residential, commercial, institutional, corporate offices, power plants, hospitals, hotels, IT parks, Metro stations and depots and automated car parking lots for government as well as private clients.
On April 05, 2023, the company informed the exchange that it has secured an order for construction of Dharavi wastewater treatment facility under Mumbai Sewage disposal project at Mumbai, awarded from Welspun Enterprises at Mumbai worth Rs 556.58 crore approx.
This was the first order of the company in FY 23-24. The order inflow for FY 22-23 stood at Rs 5056.97 crore.
On Wednesday, shares of Ahluwalia Contracts closed 5.09 per cent down at Rs 543.60. The scrip had recently traded on a new 52-week high level of Rs 612 apiece on BSE.
In the last 6 months, the company witnessed heavy buying as it surged more than 25 per cent. In the past 1 month, the stock surged more than 16 per cent. Keep a close eye on this trending stock.