Small Cap Stock Hits 20% Upper Circuit For 2nd Day After Order From L&T Group

Small cap stock priced under Rs 20, Catvision Limited shares hit 20% upper circuit for second consecutive day on December 26 after it bagged an order/contract from Larsen & Toubro Group on December 22, as per the BSE filing of the company.

Last trading price of Catvision Limited shares on BSE is Rs 21.24 apiece with intraday gain of 20.00%. Catvision Limited shares gained 42.36% in just last 1-week and soared a whopping 43.51% in last 2-weeks. Check details below:

Catvision Limited Receives Order From L&T Group: According to the regulatory filing of company dated December 22, 2023, Catvision Limited bagged an order/contract from Larsen & Toubro Limited for supply & installation of Catvision- Master Antenna Television System under Central Vista Project. The time period by which the order needs to be executed is 9 months. The size of the order(s)/contract is Rs 73,50,000/-.

Catvision Limited also bagged order from L&T Technology Services for Supply & Installation of Catvision - Master Antenna Television System at Patna Medical College Hospital. The time period by which the order must be executed is 3 months. The size of the order(s)/contract is Rs 28,16,230/- .

Catvision Limited Stock Performance & Return: The stock's 52-week high price is Rs 21.24 per share and 52-week low price is Rs 11.00 per share, respectively. The company has a market capitalisation of Rs 11.58 crore. Catvision shares jumped 79% in last 6-months span, gained 77% in last 1-year, and offered return of 117% in last 2-years. Catvision stock rallied 292% in last 3-years and gained 57% in last 5-years. Catvision shares hit fresh 52-week high in trade on December 26, 2023.

Catvision Limited About: Catvision manufactures networking products for cable TV and internet networks, IOT devices like set top boxes and CCTV Cameral, among others, according to its LinkedIn page.

Disclaimer: The stock highlights the rally in shares after order win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.