During Friday’s trading session, the shares of a company engaged in the business of providing infrastructural and utility services surged 4.7 percent on NSE, after the company announced securing a 2-year work contract at Aurangabad Airport.
Price Movements:
With a market capitalisation of Rs. 39.7 crores, at 02:03 p.m., the shares of Abhishek Integrations Limited were trading in the green at Rs. 66, up by nearly 0.2 percent, as against its previous closing price of Rs. 65.9.
The stock hit its 52-week high at Rs. 115.2 on 22nd August 2024, and compared to its current price levels, the stock is trading at a discount of nearly 43 percent.
What’s the News:
According to the latest regulatory filings with the NSE, Abhishek Integrations Limited (AIL) has been declared as the L-1 bidder for an Annual Maintenance Contract related to Electrical and Mechanical installations in the operational area at Aurangabad Airport. The contract spans two years, 2025-26 and 2026-27, and carries a total value of Rs. 131.03 lakhs.
Previous Updates:
3rd April: AIL was awarded a contract for the Annual Repair and Maintenance & Operations of Electrical and Mechanical Installations for the year 2024-25 at Visakhapatnam Airport. The scope includes the operation contract of the Baggage Handling System (Imported Make), with a total contract value of Rs. 136.83 lakhs.
9th April: The company secured a Facility Management Contract for Electrical and Mechanical installations at Imphal Airport, covering the period from 2025 to 2027. The total value of this contract stands at Rs. 307.3 lakhs.
Financial Performance:
Abhishek Integrations reported a marginal growth in its revenue from operations, showing a year-on-year rise of nearly 6 percent from Rs. 10.86 crores in H1 FY24 to Rs. 11.5 crores in H1 FY25.
Similarly, its net profit increased during the same period from Rs. 0.27 crores to Rs. 0.28 crores, indicating a slight growth of around 4 percent YoY.
About the company:
Incorporated in 2017, Abhishek Integrations Limited is mainly engaged in three business segments: providing infrastructural & utility services, trading in coal, manufacturing & trading in electrical goods, and all other activities surrounding these segments.
Written by Shivani Singh
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