Penny Stock Bags Orders From West Bengal Govt, Gains 25.93% In 2-Weeks

Small cap company Mehai Technology Ltd shares hit 5.00% upper circuit after it informed via BSE filing about receiving orders from West Bengal government. Last trading price of Mehai Technology shares on BSE is Rs 29.33 per share with intraday gain of 0.69%. Mehai Technology shares soared 56% and offered return of 59%. Check details below:

Mehai Technology Bags Orders From West Bengal Government: According to the BSE filing of the company dated December 22, 2023, the company informed about receiving the following orders given below:

Improved Water Security in Tentulberia: Replacement of the tubewell at pump house no. 1 in Tentulberia W/S Scheme is underway, employing the same efficient direct rotary rig method. The project is on track for completion within 30 days and has an estimated cost of Rs 19.80 lakh.

Enhanced Water Access in Raghudevpur: Successfully replaced the tubewell at pump house no. 2 in Raghudevpur W/S Scheme, utilizing direct rotary rig technology with P.V.C. pipes and resin-bonded gravel filters. Completed within 30 days and with a budget of approximately Rs 19.80 lakh.

JJM Arrives in Gopalnagar Uttar: Implementation of JJM in Gopalnagar Uttar W/S Scheme has commenced with the replacement of a tubewell at the 1" Tubewell site. The project timeline is 30 days, utilizing a direct rotary Rig with U.P.V.C. pipes and resin-bonded gravel filters, at a budget of approximately Rs 19.30 lakh.

Augmenting Tentulberia's Water Capacity: Sinking a replacement tubewell at pump house no. 2 in Tentulberia W/S Scheme is bolstering the area's water infrastructure. Utilizing direct rotary rig and resin-bonded gravel filters, the project is set for completion within 30 days at a cost of approximately Rs 19.80 lakh.

Mehai Technology Stock Outlook & Return: Last trading price of Mehai Technology share on BSE is Rs 29.33 per share. Its 52-week high price is Rs 30.67 per share and 52-week low price is Rs 12.30 per share, respectively. The company has a market capitalisation of Rs 31.41 crore. Mehai Technology shares gained 52% year-to-date, soared 55% in last 1-year, and declined 33% in last 2-years. In last 3-years, Mehai Technology shares jumped 24%. In last 5-years, Mehai Technology shares fell 51%.

Mehai Technology shares hit upper circuit in trade on December 22, December 21, December 20, December 19, and December 18.

Mehai Technology Ltd About: The Company was incorporated on 13th December, 2013 as a private limited Company under the Companies Act, 1956. It is dedicated to developing Eastern India's largest electronics chain operator. Its vision is to provide customers with a one-stop-shop for all their electronics needs and revolutionize the electronics retail industry in India, according to its official website.

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