Micro-cap stock engaged in the business of design, development, and manufacturing of equipments for multiple industries like healthcare, financial inclusion and many more hit a 5 percent upper circuit upon receiving a work order worth Rs. 6.51 Crore from a Govt of Maharashtra undertaking.
With a market capitalization of Rs. 60 Crores, the shares of Maestros Electronics & Telecommunications Limited hit a 5 percent upper circuit at Rs. 108.42.
Maestros Electronics & Telecommunications Limited has received a work order worth Rs. 6.51 Crore from The Government of Maharashtra Undertaking named Haffkine Bio-Pharmaceutical Corporation Limited.
The work order is for the supply of 497 units of Multipara Monitor with NIBP with Neonates and Pediatric Probe with 2 years of warranty and free servicing for a minimum of 3 years.
Maestros Electronics & Telecommunications Systems Limited is a design, development and manufacturing company that provides products and services for financial inclusion, cardiology, gynecology, critical care patients, and disease management.
It usually operates in the field of Medical device manufacture, telemedicine, healthcare solutions, and business Automation.
Its revenue from operations grew 121 percent from Rs. 11.15 Crores in FY22 to Rs. 24.60 Crores in FY23, accompanied by increasing profits of Rs. 1.25 Crores to Rs. 2.98 Crores
It has reported a return on equity (ROE) of 12.2 percent and a return on capital employed (ROCE) of 16.3 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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.
