Penny stock under Rs 60 in focus as company bags new order worth Rs 1,36,83,000 from Visakhapatnam Airport

The stock is up over 70 per cent from its 52-week low of Rs 33.50 per share.

Abhishek Integrations Limited (AIL) has secured a contract valued at Rs 136.83 lakh for the electrical and mechanical installations associated with the operation of the imported Baggage Handling System at Visakhapatnam Airport for the fiscal year 2024-25. This project, specifically designated as the "armo" work, signifies AIL's role in ensuring the efficient and reliable functioning of critical airport infrastructure.

Earlier, Abhishek Integrations Limited (AIL) has awarded the contract for the work of ARMO of E&M installations of NITB at MBB Airport, Agartala, specifically for the operation and maintenance of 33KV & 11KV substation equipment, including DG sets, with a total contract value of Rs 151.42 lakh. This contract signifies AIL's involvement in critical infrastructure maintenance, ensuring the reliable power supply for the airport's operations through the upkeep of high-voltage electrical systems and backup generators.

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 62.65 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 December 2024. The stock is up over 70 per cent from its 52-week low of Rs 33.50 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.