Under Rs 150: Smallcap Power Infra Company Partners with MNC to Expand its Power Quality Segment; Stock Hits Upper Circuit Today!

The company’s shares have delivered a multibagger return of around 30 per cent in the past 3 months.

Founded in July 2008, Akanksha Power and Infrastructure Limited specializes in manufacturing electrical equipment, including switchboards, transformers, and vacuum contactors for institutions, industries, and utilities.

In line with its long-term business strategy, Akanksha is exploring opportunities to expand its PQS segment. The company has entered into a non-binding memorandum of understanding (MOU) with a multinational corporation to acquire its product line and associated technology.

At the start of the day's trading session, shares of Akanksha Power and Infrastructure Limited opened at Rs 126.70 per share, compared to the previous day's closing figure of Rs 120.95 per share on the BSE. Finally, the shares closed at Rs 126.95 per share. The stock has rallied 5 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 235.09 crore, and the stock has generated an impressive return of over 25 per cent in the past 3 months.

Looking at the annual performance, the company generated a revenue of Rs 56.53 crore in FY24, compared to Rs 46.09 crore in FY23. The operating profit for FY24 was Rs 5.63 crore which was Rs 5.22 crore in the previous year. The operating profit margin stood at 9.96 per cent for FY24. The company reported a net profit of Rs 2.79 crore compared to Rs 2.84 crore.

According to the shareholding pattern of Akanksha Power and Infrastructure Limited, promoters own a 60.81 per cent stake, while public investors hold 34.95 per cent. FIIs and DIIs owns 3.18 per cent and 1.07 per cent stakes in the company as per the Q1 FY25 update.

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

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