104% Return In 3-Months: Vijay Kedia Stock Hits New 52-Week High, Upper Circuit

Ace investor Vijay Kedia's stock, Innovators Facade Systems Ltd on June 21 hit upper circuit and traded new 52-week high soon after the company bagged its new order. Innovators Facade Systems on June 20 bagged an order worth nearly 127 crore. Innovators Facade Systems shares gained 9.57% till 12:35 pm on Wednesday. Check details below:

Small cap stock Innovators Facade Systems Bags New Order: According to the BSE filing of the company, "Pursuant to and in terms of the applicable SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015 & company policy for determining Materiality for Disclosures, this is to inform you that the Company has received work orders for Design, Supply, Fabrication and Installation of Façade Work for The Prestige - Tower D, Mumbai of Rs. 29.73 approx & IKEA GMP Project, Gurgaon of Rs. 97.84 approx. excluding taxes."

Innovators Facade Systems Stock Outlook & Return Over Years: Current market price of Innovators Facade Systems share on BSE is Rs 159.10 per share. Its 52-week high price is Rs 159.72 per share and 52-week low price is Rs 50.00 per share, respectively. It has a market capitalisation of Rs 300.19 crore. Innovators Facade Systems shares gave return of 104% in last 3-months, 127% return YTD, 183% return in last 1-year, and 325% return in last 2-years. In last 3-years, Innovators Facade Systems delivered 485% return.

Meanwhile, Vijay Kedia has 10.66% stake in the company.

Innovators Facade Systems About: Innovators is an expert in the design, engineering, fabrication, assembly, and erection of custom facade systems, providing complete design-build services to the construction marketplace. We specialize in innovative architecture and challenging building projects. Its work experience includes many projects with specialized materials, complex geometry, novel structural, and mechanical system designs, according to its LinkedIn page.

Disclaimer: The stock traded new 52-week high and hit upper circuit today. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.