Valiant Communications zooms on bagging order worth Rs 41.35 crore
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Valiant Communications is currently trading at Rs. 595.00, up by 49.85 points or 9.14% from its previous closing of Rs. 545.15 on the BSE.
The scrip opened at Rs. 549.90 and has touched a high and low of Rs. 640.00 and Rs. 535.05 respectively. So far 40111 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 732.20 on 13-Aug-2024 and a 52 week low of Rs. 292.60 on 11-Jan-2024.
Last one week high and low of the scrip stood at Rs. 640.00 and Rs. 523.90 respectively. The current market cap of the company is Rs. 453.87 crore.
The promoters holding in the company stood at 41.83%, while Institutions and Non-Institutions held 0.16% and 58.01% respectively.
Valiant Communications has bagged single largest order for supply and commissioning of its Communication, Protection and Synchronization equipment from Tejas Networks. The gross value of the purchase order is Rs 41.35 crore. Whereas the end-user for the awarded project is the Gujarat Energy Transmission Corporation (GETCO).
Valiant Communications is an equipment manufacturer of telecom transmission equipment and solutions with installations in many countries, worldwide. Valiant's technological strengths span a wide section of the telecom transmission area including Protection Switching solutions.
