Aksh Optifibre zooms on bagging work order worth Rs 13.43 core
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Aksh Optifibre is currently trading at Rs. 11.64, up by 0.46 points or 4.11% from its previous closing of Rs. 11.18 on the BSE.
The scrip opened at Rs. 11.01 and has touched a high and low of Rs. 12.11 and Rs. 11.01 respectively. So far 52494 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 12.97 on 08-Aug-2023 and a 52 week low of Rs. 8.01 on 18-Jul-2023.
Last one week high and low of the scrip stood at Rs. 12.11 and Rs. 10.76 respectively. The current market cap of the company is Rs. 185.48 crore.
The promoters holding in the company stood at 27.18%, while Non-Institutions held 72.82% stake in the company.
Aksh Optifibre has received work order for Conversion of existing HPSV and normal LED lighting system into smart LED lighting system which are installed by Jaipur Development Authority (‘JDA’) at various locations beyond the Jaipur Nagar Nigam jurisdiction amounting to Rs 13.43 core inclusive of GST.
In this project, initially Aksh shall replace 5000 HPSV and LED Light into Smart LED Light with ILC and Aksh shall maintain the project O&M for three years. The Project has to be executed within a period of four months. This project shall bring energy saving as in this project individual light shall be controlled (on/off/dimming) by using ILC.
Aksh Optifibre was founded in 1986 with major focus on manufacturing of Optical Fibre Cables.
