A-1 Limited Share Price Jumps 5% After Securing ₹127.5 Crore Industrial Urea Order

Ahmedabad, November 26: A-1 Limited share price is witnessing a heavy rally today, a day after it announced a new industrial urea order worth ₹127.5 crore. The shares have hit their new 52-week high and 5% upper circuit. As of 2:35 PM, A-1 Limited shares were up by 5%, or 121.65 points and were trading at ₹2,554.75. Until now, the shares have traded within a range of ₹2,554.75 and ₹2,554.70. The traded volume for the A-1 Limited stock stood at 62.33 thousand shares, with the company’s market cap at ₹2,798 crore. The shares have their 52-week high at ₹2,554.75 and their 52-week low at ₹335.15.

A-1 Limited (BSE: 542012) is an Indian company that is engaged in the wholesale trading and logistics of industrial acids and chemicals. It supplies numerous chemical products, such as Sulphuric Acid, Nitric Acid, and Methanol. However, the company has recently shifted its business focus to the Clean Mobility/Electric Vehicle (EV) sector. The company was established in 2004 and is headquartered in Ahmedabad, Gujarat.

Shares Rise After Company Announced ₹127.5 Crore Industrial Urea Order Yesterday

The rise in the share price comes after the company announced yesterday that it has secured a new order worth ₹127.5 crore. Sai Baba Polymer Technologies has awarded the order to the company and includes the supply of 25,000 MT of Industrial Urea – Automobile Grade. The company also announced that it will follow an open-order mechanism based on the client’s schedule for the order’s delivery.

The order comes at a time when the company has already announced the proposal for a 3:1 bonus issue, 10:1 stock split, and to increase its authorised capital from ₹20 crore to ₹46 crore.

Investor Takeaway for A-1 Limited

The company has announced a new order worth ₹127.5 crore. The order will help the company’s efforts to increase its chemical supply portfolio, even when it has shifted its business focus to clean energy. The order will provide the company with revenue visibility and will increase its market presence in the automotive-chemical value chain. Investors have reacted positively to the news, as the shares hit their upper circuit yesterday, and are up 5% again today.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/501e422e-9e71-4e0d-91ad-20efa96402b6.pdf

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