One of many energy shares engaged in offering Engineering, Procurement, Development, and Commissioning (EPCC) providers, together with Built-in Operation and Upkeep (O&M) providers. The inventory has skyrocketed 10.84 % after receiving an order price Rs. 45.68 crore from Asian Vitality Providers Restricted.
Inventory Worth Motion
In Thursday’s buying and selling session, Lakshya Powertech Restricted’s share jumped to an intraday excessive of 10.84 % from the earlier shut of Rs. 260.70. The inventory opened at Rs. 264.50 and is at present buying and selling at Rs. 287.50, with a excessive of Rs. 288.95 and a low of Rs. 260.50. The market capitalization now stands at roughly Rs. 289.91 crore.
What Occurred
Lakshya Powertech Restricted has acquired a big work order price Rs. 45.98 crore from Asian Vitality Providers Restricted. The scope of the challenge consists of design, engineering, provide, set up supervision, testing, and commissioning of three gasoline compressor packages and the related Steadiness of Plant objects.
The challenge is ready to be accomplished inside six months and highlights the corporate’s experience within the EPCC phase. This achievement aligns with the federal government’s deal with pure gasoline, positioning the corporate to capitalize on rising alternatives within the Rs. 500-600 crore sector.
Additionally learn….
Providers Providing
Lakshya Powertech focuses on EPCC, Built-in Operation & Upkeep, Specialty Providers, and Spare Elements Buying and selling. The corporate has accomplished over 138 tasks with a complete worth of roughly Rs. 136.9 Crores. The corporate serves various private and non-private sector shoppers with confirmed experience.
IPO particulars
Lakshya Powertech Restricted’s IPO was held from October 16-18, 2024, with a value band of Rs. 171-Rs. 180 per share and a problem dimension of Rs. 49.91 crores.
Latest quarter outcomes
Lakshya Powertech Restricted’s income has elevated from Rs. 64 crore in Q2 FY24 to Rs. 67 crore in Q2 FY25, which has grown by 4.69 %. The web revenue has additionally grown by 75 %, from Rs. 4 crore in Q2 FY24 to Rs. 7 crore in Q2 FY25.
Written By – Nikhil Naik
Disclaimer
The views and funding suggestions expressed by funding specialists/broking homes/score businesses on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a danger of economic losses. Traders should subsequently train due warning whereas investing or buying and selling in shares. Dailyraven Applied sciences or the creator are usually not accountable for any losses triggered because of the choice primarily based on this text. Please seek the advice of your funding advisor earlier than investing.
Begin Your Inventory Market Journey Right this moment!
Wish to study Inventory Market buying and selling and Investing? Ensure to take a look at unique Inventory Market programs by FinGrad, the educational initiative by Commerce Brains. You may enroll in FREE programs and webinars accessible on FinGrad in the present day and get forward in your buying and selling profession. Be a part of now!!
