“We hereby inform you that we have received total orders worth Rs. 22 January 2022 (indicating an order value of INR 358.5 crore) and 2 January 2023 (indicating an order value of INR 120 crore),” the company said in its BSE filing.
At 10:11 am, scrip was trading at Rs 241, 2.8% higher than the previous day’s close of Rs 234.55. The stock has surged about 67% over the past six months, but has risen about 40% over the past year.
For the quarter ended 30 September 2022, the company reported stand-alone net sales of Rs 8.131 billion, up 38.25% from net sales of Rs 5.881 crore for the June quarter. The company reported a net profit of Rs 1.44 billion for the September quarter.
Technically, Likhitha Infrastructure is trading above 8 out of 8 SMAs (Simple Moving Average).
Likhitha Infrastructure was listed on the exchange on October 15, 2020. It made a decent market debut as the shares were listed on his BSE at Rs 130.10 with a premium of 8.41% over the issue price of Rs 120. Since going public, the stock has surged 105%. from the issue price.
Likhitha Infrastructure is engaged in the pipeline construction business, providing comprehensive construction, testing and commissioning of oil and gas pipelines, city gas distribution projects, and operation and maintenance (O&M) services. (Disclaimer: Professional recommendations, suggestions, views and opinions are their own and do not represent the views of The Economic Times)