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

Ahmedabad, November 25: A-1 Limited’s share price is witnessing heavy investor demand today after it announced that it has secured a new industrial urea order valued at ₹127.5 crore. As of 2:36 PM, A-1 Limited shares were up by 5%, or 115.85 points and were trading at ₹2,433.10. Until now, the shares have traded within a range of ₹2,433.10 and ₹2,433.05. The traded volume for the A-1 Limited stock stood at 46.57 thousand shares, with the company’s market cap at ₹2,538 crore. The shares have their 52-week high at ₹351.20 and their 52-week low at ₹2,433.10.

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 a wide range of chemical products, including Nitric Acid, Sulphuric Acid, Hydrochloric Acid, and Methanol. However, the company has recently announced diversification into the Clean Mobility/Electric Vehicle (EV) sector. The company was established in 2004 and is headquartered in Ahmedabad, Gujarat.

Shares Rise After Securing ₹127.5 Crore Industrial Urea Order

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

This follows the company’s earlier announcement today that it has proposed a 3:1 bonus issue, 10:1 stock split, and to increase its authorised capital from ₹20 crore to ₹46 crore.

Investor Takeaway

The new order by Sai Baba Polymer Technologies is significant as it comes with a value of ₹127.5 crore. The order will contribute to the revenue of the company and will help the company increase its presence in the automotive-chemical value chain. The earlier announcement by the company of a bonus issue and a stock split is also aimed at rewarding shareholders. The announcements have boosted investor demand, leading to a share price rise.

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

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