The share price of this infrastructure firm hit a 5 percent upper circuit to an Intraday high of Rs 62.50 per share on Wednesday after the company received a work order worth Rs 1.45 crores from a domestic airport.
With a market capitalization of Rs 37.37 crores, the shares of Abhishek Integrations started Wednesday’s trading session on a higher note of Rs 62.50 compared to its previous close of Rs 59.70. During the trading session, the shares locked a 5 percent upper circuit at Rs 62.65 a piece.
According to the company’s stock exchange filings, the company received a work order contract worth Rs 1.45 crores for Annual Repair and Maintenance Operations (ARMO) of E&M installation at Barpani Airport, Shillong. The estimated time period in which the work order needs to be completed is within 2 years. (2024-2026)
Considering the financials of Abhishek Integrations Limited from a YoY standpoint, the revenue from operations increased by 12.8 percent from Rs. 22.55 crores in FY22-23 to Rs 25.45 crores in FY23-24. Additionally, the net profits of the firm increased by 15 percent from Rs 0.67 crores in FY22-23 to Rs 0.77 crores in FY23-24.
As of March 2024, the ROE stood at 8.32 percent And The ROCE at 16.47 percent. Additionally, The net profit margin stood at 3.02 percent for the same period.
The shares of this company generated both multi-bagger returns of 151.3 percent over the past year and 113.6 percent over the past 6 months.
As of March 2024, the firm’s shareholding pattern stood at 67.72 percent for the promoters and 32.28 percent for the public.
Incorporated in the year 2017, Abhishek Integrations Limited is in the business of developing, maintaining & operating Airports and allied business
Written By Zahal
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