This small-cap company received a work order worth Rs 28.17 crore!
The stock is up by 30.25 per cent in 6 months and up by 26.13 per cent in the last 1 year.
Innovators Facade Systems Ltd has received a letter of award for a work order worth Rs. 28.17 crores for providing & fixing of glazing & acp cladding work for “Full Tower – HSBC Plot- Artesia MDP- Worli” from M/s K. Raheja Private Limited.
Today, shares of Innovators Facade Systems Ltd surged 0.77 per cent to Rs 84 per share from its previous closing of Rs 83.36. The stock has a 52-week high of Rs 114 and a 52-week low of Rs 50.
According to the company's yearly consolidated financial statistics, net sales for FY22 were up 35.48 per cent from the same period the previous year. When compared to FY21, operating profit for FY22 climbed to 32.64 per cent. Compared to FY21, when the net profit was Rs 0.92 crore, it climbed to Rs 1.60 crore or 73.24 per cent in FY22.
Innovations Facade Systems Ltd was established in 1999. The company is engaged in designing, engineering, fabrication and installation of facade systems. It offers a different range of products to meet the demands of its customers. Its product basket ranges from glazing curtain walls, high-end doors & windows, skylights, stone cladding, roofing, etc.
The stock is up by 30.25 per cent in 6 months and up by 26.13 per cent in the last 1 year. Investors must keep an eye on this stock.