Stock under ₹100 hits 5% upper circuit after receiving order for MBB airport in Tripura

This Infrastructure and Engineering Services stock is in focus after it received an order for repair and maintenance of MBB Airport in Agartala, Tripura for Rs. 1.51 Crore

Share Price Movement

With a market capitalization of Rs. 32 Crore, the stock of Abhishek Integrations Limited opened at Rs. 50, the same price as yesterday’s close, but later it hit the Upper Circuit of 5 percent at Rs. 53.

Update from Company

The company has been ranked as the L1 bidder for work contracts at MBB Airport, Agartala, Tripura. They will be working for the Annual Repair and Maintenance (ARMO) of Electrical and Mechanical (E&M) installations in the New Integrated Terminal Building (NITB) of MBB Airport. The total Contract value stands at Rs. 1.51 Crores.

Financial Highlights

The company reported a 5.80 percent YoY increase in revenue from operations to Rs. 10.85 Crore in H1FY24 to Rs. 11.48 Crore in H1FY25.  Their Net profit saw an increase of 3.70 percent YoY from Rs. 0.27 Crore to Rs. 0.28 Crore for the same period.

Also read: Infra stock hits 5% upper circuit after receiving solar power order from Rajasthan Govt

Company Clients

Very Prominent names are clients for the company like ISRO, BARC, IIM Ahmedabad, All India Radio Station, ONGC, BSNL, and Sardar Sarovararmada Nigan Limited.

About the Company

Abhishek Integrations Limited (AIL), established in 2017, is an Indian company specializing in the development, operation, and maintenance of electrical and mechanical installations, particularly at airport terminal buildings. The company offers services such as firefighting system integration, ground lighting system maintenance, baggage handling systems, water distribution systems, and substation management.

Written By Abhishek Das

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