The Shares of this micro-cap company, which provides IT & consultancy services hit a 2 percent upper circuit on receiving a Sub-contract worth Rs. 28.05 crores for a project under South Central Railway.
Share price variations:
With a market capitalization of Rs. 37.27 crores, Hiliks Technologies Ltd. hit an upper circuit limit of 2 percent, rising to Rs. 62.11 from its previous closing price of Rs. 60.90 per share.
Reason for the Rise:
According to exchange filings, Hiliks Technologies Ltd. has received a sub-contract order worth Rs. 28.05 crores from Railone-Medikonda JV for comprehensive signaling and telecommunication works related to the doubling of the track between Basara and Navipet stations, with electronic interlocking, OFC communications, and Kavach systems.
The principal tender was received from South Central Railway, and the order is to be executed within 18 months.
Financial Performance:
For Q1FY25 the company reported a net profit of Rs. 0.1 crores compared to a net loss of Rs. 0.19 crores in Q1FY24, while revenue from operations marked an increase to Rs. 1.05 crores from Rs. 0.03 crores in comparison to the same period.
The company’s shares have delivered nearly an 87 percent return over the past six months and multi-bagger returns of 169 percent in the past year.
About the company:
Founded in 1985, Hiliks Technologies Ltd. is an IT services company offering a wide range of HR solutions and consulting services to organizations worldwide. It also serves as a technology partner on services such as digital, cloud, and networking services and business consulting provider, to clients in the government, fintech, transport, manufacturing, and healthcare sectors.
With a global presence, including offices in India, the USA, and the UK, Hiliks delivers IT services through both onshore and offshore models, with dedicated offshore development center (ODC) facilities.
Written By Joseph Pv
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