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Mid cap company operating in engineering sector, Techno Electric & Engineering shares hit fresh 52-week high soon after it informed via BSE filing about receiving new order worth 1750 crore.
Current market price of Techno Electric share on BSE is Rs 804.75 per share with intraday gain of 2.78%. Techno Electric shares soared 153% in last 1-year. Earlier this year, Techno Electric set September 15, 2023 as the record date for final dividend of Rs 6.00 per equity share of face value of Rs 2.00 each for the financial year 2022-23. Check details below:
Techno Electric Bags New Order: According to the regulatory filing of the company, “We are glad to inform that the Company has been awarded with Orders worth Rs.1750 Crores. It has bagged Transmission Order worth Rs 709 crores and Advance Metering Infrastructure (AMI) order worth Rs 1041 crores.
Techno Electric Stock Performance & Return: The stock’s 52-week high price is Rs 844.15 per share and 52-week low price is Rs 305.85 per share, respectively. Techno Electric has a market capitalisation of Rs 8852.25 crore. Techno Electric shares gained 119% in last 6-months, soared 225% in last 2-years, and offered return of 255% in last 3-years. Techno Electric shares gained 209% in last 5-years.
Techno Electric Financial Performance: The company for the quarter ended September 30, 2023 declared its standalone net profit at Rs 15.68 crore on higher income. It declared its net profit at Rs 7.31 core in the corresponding quarter of last year, as per its BSE filing.
Disclaimer:
The stock just highlights the rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.
