Penny Stock Below Rs 75 Hit Lower Circuit After Receiving Order Worth Rs 296.85 Lakh at Aurangabad Airport
The stock is up 44.40 per cent from its 52-week low of Rs 50 per share.
On Thursday, shares of Abhishek Integrations Limited hit a 5 per cent lower circuit to Rs 72.20 per share from its previous closing of Rs 76 per share. The stock’s 52-week high is Rs 115.20 per share and its 52-week low is Rs 50 per share.
Abhishek Integrations Limited (AIL) has received a work order for the work of “Round the clock operation of 110KV receiving station and all sub-stations in BARC, Trombay, Mumbai – 400085 having total contract value of Rs. 296.85 Lacs, including GST.
Earlier, the company was awarded the contract for the work of annual maintenance contract for electrical & mechanical installation in the operational area at Aurangabad Airport for two years, 2025-26 and 2026-27, having a total contract value of Rs 131.03 lakh.
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Abhishek Integrations Limited, founded in 2017, has been involved in the development, maintenance, and operation of airports and related services in India. The company has completed numerous projects across the country, including electrical and mechanical installations, firefighting systems and airfield lighting systems. Since acquiring Abhishek Associates and its projects in 2021, Abhishek Integrations has expanded its scope and expertise in the airport infrastructure sector.
According to the financials, the company has a market cap of 43.5 crore. The promoters of the company hold a 67.72 per cent stake in the company and the rest is owned by the general public, which is 32.28 per cent as of March 2025. The stock is up 44.40 per cent from its 52-week low of Rs 50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.