Shares of renowned manufacturer and exporter of Electrostatic Precipitator gained 7 percent after the company received a new order for the collection and discharge of Electrodes.
With a market capitalization of Rs 79 crores, Auro Impex and Chemicals Ltd. shares were trading at Rs 64.60 at 12:51 p.m., up 3.36 percent from the previous close price.
According to the company’s exchange filing,Thermax Ltd has placed a new order with Auro Impex & Chemicals Limited for the collection and discharge of electrodes worth Rs. 20.25 crores.The Order is to be executed within November 2023.
Auro Impex and Chemicals Ltd revenue has increased by 64.55 percent year on year, proceeding from Rs 110 crore in FY 21-22 to Rs 181 crore in FY 22-23. During the same period, net profit climbed by 200 percent, from Rs 2 crore to Rs 7 crore.
The shares of the company have a PE of 13.70 and a ROE of 57.30 percent.
Auro Impex & Chemicals Limited manufactures, exports, and supplies Discharge & Collecting Electrodes, as well as internal components and replacements for Electrostatic Precipitators (ESPs).
The firm is classified as a penny stock. Individual investors are advised to undertake extensive research before investing since high-return penny stocks have fluctuating performance, are rarely traded, and a small number of trades may result in a circuit limit.
Written by Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
