During Monday’s trading session, shares of a company involved in providing financial advisory and consultancy services surged nearly 7.6 percent on BSE, after its subsidiary secured an order worth Rs. 14.2 crores from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).
With a market cap of Rs. 366.3 crores, the shares of Almondz Global Securities Limited opened in the green at Rs. 22.8 on BSE, up by around 7.6 percent, as against its previous closing price of Rs. 21.19. The stock has delivered negative returns of around 3.5 percent in one year, and has fallen by over 2 percent in the last one month.
What’s the News
According to recent regulatory filings, Almondz Global Infra Consultant Limited (AGICL), a wholly-owned subsidiary of Almondz Global Securities Limited, has secured an order worth Rs. 14.2 crores from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).
AGICL will serve as the Project Development and Detailed Project Report (DPR) Consultant for the development of the Vindhya Expressway under the aegis of UPEIDA.
Vindhya Expressway is a planned six-lane, 320 km greenfield expressway that will connect Prayagraj to Sonbhadra, with an additional 100 km spur linking it to the Purvanchal Expressway near Ghazipur, enhancing regional connectivity across Uttar Pradesh.
AGICL’s responsibilities will include preparing the inception report, conducting feasibility studies, drafting the DPR, structuring the project, performing economic analysis, and managing the bid process. The project is expected to be completed within 10 months.
Financials and More
Almondz Global Securities reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 17 percent, from Rs. 45.4 crores in Q4 FY24 to Rs. 53 crores in Q4 FY25. Similarly, its net profit during the same period increased from Rs. 6 crores to Rs. 8.5 crores, representing a rise of nearly 42 percent YoY.
Almondz Global Securities Limited, formerly known as Alliance Securities Limited, is involved in providing professional advisory and consultancy services in the areas of equity and debt capital markets, private equity, infrastructure advisory, equity broking & wealth management, debt portfolio management services and distribution.
It’s 100% subsidiary, Almondz Global Infra Consultant Limited, offers end-to-end consulting across sectors like roads, highways, smart cities, water, tourism, rail, ports, and airports, providing services from planning to project management and operation & maintenance.
Written by Shivani Singh
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