67 per cent returns from 5-week low: SME stock jumps after receiving Rs 11,41,37,561 order from Directorate of Fire and Emergency Services
The stock is up 67 per cent from its 52-week low of Rs 239 per share.
On Wednesday, shares of Anlon Technology Solutions Limited jumped 8.13 per cent to Rs 399 per share from its previous closing of Rs 369 per share. The stock’s 52-week high is Rs 607 per share and its 52-week low is Rs 239 per share.
Anlon Technology Solutions Limited has received a domestic order from the Directorate of Fire and Emergency Services, Government of Goa, for the fabrication and supply of one 42-meter Turn Table Ladder mounted on an Eicher 3019, Euro 6 Manual Transmission, 4x2 Chassis. The total value of this order is Rs 11,41,37,561 including GST, and it is to be executed within twelve months from the date of the supply order.
Earlier, the company had entered into a Project Cooperation Agreement (PCA) with Italian agricultural machinery manufacturer Bonino S.r.l. This partnership allows Anlon to introduce and represent Bonino's advanced Grass Cut-cum-Collect Machines in the Indian market, expanding its engineering solutions portfolio. Bonino S.r.l., founded in 1946, specialises in forage and harvesting machinery and had a turnover of approximately EURO 3 million in 2021, exporting to over 30 countries.
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About Anlon Technology Solutions Ltd
Anlon Technology Solutions Ltd, established in 2015, offers comprehensive engineering services, including training, consultancy, and research development, specifically for engineering systems and automotive equipment. The company collaborates with international OEMs, providing specialised solutions for mobile firefighting and rescue equipment, airport handling systems, road cleaning equipment, and climate control systems, among others. Anlon also manages spare parts distribution and after-sales service for equipment supplied by its partners, serving major Indian airports, refineries, and municipal corporations through annual maintenance contracts.
According to the financials, the company has a market cap of Rs 248 crore. The shares of the company have an ROE of 15 per cent and an ROCE of 19 per cent. The stock is up 67 per cent from its 52-week low of Rs 239 per share.
Disclaimer: The article is for informational purposes only and not investment advice.