Ahluwalia Contracts (India) Ltd (NSE: AHLUCONT): The share of smallcap company Ahluwalia Contracts (India) Ltd has seen a rocketing rise. The share of the company climbed over 3.07% up to 1,232.80 rupees on Tuesday.
This sharp rise in the share of Ahluwalia Contracts (India) Ltd has come from receiving orders worth Rs 1307 crore. In this order, the company has done the work of finishing towers and basements in two housing projects in Gurugram.
The 52-week highest level in Ahluwalia Contracts (India) Ltd share is 1542 rupees. However, the 52-week low of shares held by the company is 649.40 rupees.
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The Details Of The Orders That The Firm Received
In the first contract, the company has to do the civil structure, mechanical, electrical, and plumbing works as well as finishing of all the towers and basements in the De-luxe DXP project in Gurugram.
Ahluwalia Contracts (India) Ltd has to do the same work in another project Iconic Tower in Gurugram. Both orders are for two years.
The order for the de-luxe project is worth Rs 1,144 crore, while the order for the iconic tower is worth Rs 163 crore. Ahluwalia Contracts (India) Ltd has received both these orders from real estate firm Signature Global.
The Company’s Share Has Climbed More Than 400% In 4 Years
The share of Ahluwalia Contracts (India) Ltd has seen a stormy rise in the last 4 years. The company’s share has climbed more than 400 percent in the last 4 years.
The share of Ahluwalia Contracts (India) Ltd was at Rs 248.65 on 11 September 2020. The company’s share reached Rs 1,280 on 10 September 2024.
In the last year, the share of Ahluwalia Contracts (India) Ltd has seen a rise of more than 75 percent. The share of the company was 719.75 rupees on the 11th of September, 2023.
The company’s share reached Rs 1,280 on 10 September 2024. At the same time, so far this year, the share of Ahluwalia Contracts (India) Ltd has jumped by more than 60 percent.
Quick Fact
| Company name | Ahluwalia Contracts |
|---|---|
| Recent rise in share | 3.07% |
| Recent share price | 1,232.80 |
| New orders value | ₹1307 crore |
| 52-week high | 1542 rupees |
| 52-week low | 649.40 rupees |
| New projects location | Gurugram |
| Project type | Housing projects |
| Project details | Finishing towers, basements |
| New order worth | ₹1,144 crore |
| New order project name | De-luxe DXP |
| New order scope | Civil, mechanical, electrical, plumbing |
| Second order worth | ₹163 crore |
| Second order project name | Iconic Tower |
| Client | Signature Global |
| Project duration | 2 years |
| 4-year share rise | 400%+ |
| Share price on Sep 2020 | ₹248.65 |
| Share price on Sep 2023 | ₹719.75 |
| 1-year share rise | 75%+ |
| YTD share rise | 60%+ |
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