Work Orders: 4 Penny Stocks Receive Orders Worth Up to ₹4.7 Cr for Drones, Cables and More

Synopsis: Four penny stocks gained attention after securing new contracts, boosting their growth prospects. These include ACS Technologies, Sharika Enterprises, Drone Destination, and Techknowgreen Solutions.

Several Penny companies have recently attracted investor attention after announcing fresh work orders that could significantly boost their revenue visibility and market standing. These developments highlight growing business momentum and potential turnaround opportunities within this cap segment. Here’s a closer look at such penny stocks now in focus following their latest contract wins.

ACS Technologies Ltd

ACS Technologies Ltd. (India) is an established Indian IT firm, founded in 1980, specializing in system integration, software, security, and IoT solutions for defense, government, and corporate sectors, with offerings in AI, Cloud, Big Data, and Smart City tech, aiming to deliver comprehensive digital transformation and IT infrastructure. 

With a market capitalization of Rs. 258.20 crores on Wednesday, the shares of ACS Technologies Ltd rose upto 1.1 percent, reaching a high of Rs. 43.90 compared to its previous close of Rs. 43.41.

The Company has received a significant work order from Andhra Pradesh Urban Infrastructure Asset Management Limited as part of a consortium with Dreamstep Software Innovations Private Limited. 

The project involves the design, development, deployment, training, operation, and maintenance of a QR-based digital ecosystem across Urban Local Bodies (ULBs) in Andhra Pradesh. The order is domestic in nature, valued at Rs. 33.69 crore, and will be executed as per the terms of the work order.

Sharika Enterprises Ltd

Sharika Enterprises Ltd. is an Indian company, established in 1998, specializing in the power sector (generation, transmission, distribution) offering EPC, consultancy, and project management, focusing on digital transformation with smart grid tech like IoT, SCADA, and solar solutions, working with major clients like NTPC, and trading electrical products, listed on the BSE and aiming to build sustainable energy infrastructure. 

With a market capitalization of Rs. 52.44 crores on Wednesday, the shares of Sharika Enterprises Ltd rose upto 4 percent, reaching a high of Rs. 13.30 compared to its previous close of Rs. 12.78.

Sharika Enterprises Limited has received a purchase order from LS Cable India Private Limited for the supply of 24F/48F OPGW cables, valued at Rs. 4.59 crore and the order, which is domestic, is to be executed by 30th January 2026.

Drone Destination Ltd

Drone Destination Ltd. offers an integrated eco-system focused on drone manufacturing, certified pilot training (as India’s first DGCA-authorized Remote Pilot Training Organisation), Drone-as-a-Service (DAAS), and related services like surveying, agriculture spraying, and surveillance.

With a market capitalization of Rs. 127.86 crores on Wednesday, the shares of Drone Destination declined upto 4.9 percent, reaching a low of Rs. 52.00 compared to its previous close of Rs. 54.70.

Drone Destination Limited has received a work order worth Rs.1.75 crore from Krishak Bharati Cooperative Limited (KRIBHCO) for the comprehensive annual maintenance of 70 agriculture drones, including battery sets, deployed across various locations in Haryana. This order supports the government’s initiative to promote the use of drones in digital agriculture in India.

Techknowgreen Solutions Ltd

Techknowgreen Solutions Ltd. is a Pune, India-based environmental consulting and technology firm, established in 2001, specializing in sustainable solutions for regulatory compliance, climate change, and infrastructure, offering services from IT-driven environmental management to waste treatment and research, serving diverse sectors like chemicals, auto, healthcare, and government.

With a market capitalization of Rs. 73.83 crores on Wednesday, the shares of Techknowgreen Solutions Ltd rose upto 4.9 percent, reaching a high of Rs. 105.00 compared to its previous close of Rs. 100.05.

Techknowgreen Solutions Limited has received a work order worth Rs. 1.70 crore from Web Werks (India) Pvt Ltd for consulting, due diligence, and advisory services related to property tax no dues certification, development period advisory, and time extension for data centre facility and plots in TTC MIDC, Navi Mumbai. The order is to be executed within 45 days, with payments linked to completion of respective deliverables. 

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. Trade Brains Technologies Private Limited 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.

The post Work Orders: 4 Penny Stocks Receive Orders Worth Up to ₹4.7 Cr for Drones, Cables and More appeared first on Trade Brains.