Trishakti Industries Share Price Jumps 9.98% After Securing L&T Contract Worth ₹17 Million

Kolkata, November 11: Trishakti Industries’ share price is witnessing a heavy rally today after it secured a new contract from Larsen & Toubro. As of 1:30 PM, Trishakti Industries’ share price was up by 9.98%, or 14.10 points, and was trading at ₹155.40. Until now, the Trishakti Industries shares have traded within a range of ₹155.40 and ₹143. The traded volume for Trishakti Industries stock stood at 66.60 thousand shares, with the company’s market cap at ₹256 crore. The shares have their 52-week high at ₹191.40 and their 52-week low at ₹117.35.

Trishakti Industries Ltd (BSE: 531279) is an Indian company that has diversified business operations in sectors such as infrastructure, where it provides heavy equipment leasing, and in the oil & gas sector, where it acts as a marketing agent for global equipment manufacturers. The company was established in 1985 and is headquartered in Kolkata, West Bengal.

Shares Rise After Securing L&T Contract Worth ₹17 Million

The rise in the share price comes after the company announced that it has secured an order from Larsen & Toubro Ltd (L&T) worth ₹17 million. The order is for the deployment of advanced machinery and skilled manpower at one of L&T’s flagship project sites. Fresh capex now stands at ₹60 million for new machinery. The project duration is 11 months, and it will commence on November 21.

Investor Takeaway for Trishakti Industries

The order worth ₹17 million for a prominent company such as Larsen & Toubro is a welcome sign for the company. The order will help Trishakti Industries in revenue visibility and will positively contribute to its order book. The order win is positively affecting investor sentiments, leading to a rise in the share price.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/951fb013-1200-499a-84bb-3d5c9df41f21.pdf

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