The share price of this engineering firm hit 5 percent upper circuit to an intraday high of Rs 240.95 per share on Monday after the company received a work order worth Rs 36 crores from a domestic client to supply PG 35 Columns.
With a market capitalization of Rs 595.98 crores, the shares of Atmastco Limited company hit by 5 percent upper circuit and closed at Rs 240.95 on Monday’s trading session. Comparing today’s high of Rs 240.95 per share and a previous close of Rs 229.50 per share, the shares surged by 5 percent.
According to the fillings of the company,The firm’s share price movements were noticed ever since the company received a work order worth Rs 36 crores from Bharat Heavy Electricals Limited (BHEL) for the supply of PG 35 Columns for the NTPC LARA Project through the OVM model. This is a one-time order that needs to be executed by December 2024.
Taking a look into the financials of Atmastco Limited. On a year-on-year basis, the revenues from operations decreased by 7.4 percent from Rs. 242 crores in FY22-23 to Rs 224 crores in FY23-24 while the net profit increased by 23 percent from Rs. 13 crores in FY22-23 to Rs 16 crores in FY23-24.
The company derives its revenues from providing services such as design and engineering, project management, and consulting.
The company was listed on February 23, 2024. The shares of this company generated a negative return of 19.43 percent over the past month.
As of March 2024, its shareholding pattern stood at 68.43 percent for promoters and 31.53 percent for the public. Incorporated in 1994, Atmastco Limited is a turnkey contractor, providing multi-disciplinary services and project management solutions in the ferrous and non-ferrous sectors.
Written By Zahal
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