IFL Enterprises hits upper circuit after its arm bags order worth Rs 61.43 crore
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IFL Enterprises is currently trading at its upper limit of Rs. 1.20, up by 0.05 points or 4.35% from its previous closing of Rs. 1.15 on the BSE.
The scrip opened at Rs. 1.10 and has touched a high and low of Rs. 1.20 and Rs. 1.10 respectively. So far 27728664 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 10.68 on 18-Sep-2023 and a 52 week low of Rs. 1.04 on 05-Jan-2024.
Last one week high and low of the scrip stood at Rs. 1.23 and Rs. 1.10 respectively. The current market cap of the company is Rs. 89.45 crore.
The promoters holding in the company stood at 2.76%, while Non-Institutions held 97.24% stake in the company.
IFL Enterprises’ subsidiary -- Yamunashtakam Tradeventures has secured a substantial order from Reliance Industries. The order, valued at Rs 61.43 crore is for the provision of construction supplies required at Reliance Industries’ Jamnagar Plant. This contract marks a major milestone for its subsidiary and demonstrates its capability to handle large-scale projects for prominent industry leaders.
This order signifies a notable achievement and aligns with itis strategic goals of expanding its business with major industrial clients. Furthermore, Yamunashtakam Tradeventures anticipates receiving additional orders from Reliance Industries in the forthcoming quarter, which is expected to bolster its revenue and strengthen its market position.
IFL Enterprises is involved in the business of acquisition, trading of shares, stocks, bonds etc. It also carries on the business of all kinds of fabrics and other similar products. It offers a diverse product range which includes heavy fabric and fabric related items.
