Under Rs 100: Small-Cap Company Secures Order Worth Rs 25,65,58,461; Stock Surges Over 15 per cent, Hits 52-Week High

The company’s shares have delivered an impressive return of around 100 per cent in just 3 months only.

Incorporated in 1991, Canarys Automations Limited provides IT solutions in the areas of digitalization, modernization, automation, and intelligence.

The company has been awarded a contract by Jalkal Vibhag, Nagar Nigam Gorakhpur, Uttar Pradesh, to design, supply, install, commission, and maintain an Urban Flood Early Warning System along with associated infrastructure for a period of 1+4 years. The contract is to be executed over 5 years, with a total value of Rs 25,65,58,461.

Canarys Automations Limited is primarily engaged in the business of milling, processing, and marketing branded and non-branded basmati rice in both domestic and overseas markets.

Currently, Canarys Automations Limited shares are trading at around Rs 65 per share. The company’s current market capitalization stands at Rs 365.20 crore. The stock has delivered a multibagger return of around 100 per cent in just 3 months only.

As per the Quarterly Results, in the fourth quarter of FY24, Canarys Automations Limited recorded a revenue of Rs 44 crore. The operating profit for Q4 FY24 stood at Rs 8.01 crore. The net profit for Q4 FY24 was Rs 5.34 crore. Looking at the annual performance, the company generated a revenue of Rs 75.02 crore in FY24, compared to Rs 74.52 crore in FY23. The operating profit for FY24 was Rs 12.30 crore, with a net profit of Rs 7.99 crore.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.