With a market capitalization of just Rs 120 crore, the shares of the company have generated an impressive return of 58 per cent in just one week

Additionally, the company announced stellar quarterly results. The total revenue stood at Rs 16.14 crore, up 53.3 per cent, EBITDA stood at Rs 0.80 crore, up 166.7 per cent and Profit After Tax (PAT) stood at Rs 0.51 crore, up 61.3 per cent in Q1FY24 compared to Q1FY23.

The stock has generated an impressive return of 80 per cent in the last three months

According to the half-yearly results, the net sales increased by 6.40 per cent to Rs 133 crore and net profit increased by 100 per cent to Rs 8 crore in H2FY23 compared to H2FY22. In FY23, the net sales increased by 38 per cent to Rs 247 crore and net profit increased by 100 per cent to Rs 10 crore compared to FY22.

On Thursday, Indian equity markets ended on a negative note

Our focus lies in simplifying user journeys and expanding investment options tailored to the specific client segments we serve, articulates Arun Poddar CEO of Choice International Ltd

On Thursday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.60 per cent at 65,151 and the NSE Nifty-50 Index up 0.51 per cent at 19,365. 

The price band of the issue has been fixed at Rs 151 to Rs 166 per equity share. The issue size is Rs 153.05 crore at a higher price band.

The GIFT Nifty points to a slightly negative commencement for the benchmark indices, showing a decrease of 46 points following the Nifty's previous close at 19,465 points on August 16. GIFT Nifty futures were positioned at 19,429 points.

Lot of announcements have been made by the government showcasing infrastructure sector as a priority sector