Penny Stock Below Rs 20 Bags Order From L&T Group, Hits 20% Upper Circuit

Penny stock priced below Rs 20 Catvision Limited has received an order/contract from Larsen & Toubro Group on December 22, according to the company's BSE filing. Soon after receiving contract, Catvision Limited shares touched 20% upper circuit intraday on BSE. Last trading price of Catvision Limited share on BSE is Rs 17.70 per share. Catvision shares soared 20% in last 1-week and gained 46% year-to-date. Check details below:

Catvision Limited Bags Order From L&T Group, Shares Hit Upper Circuit: As per the BSE filing of the company dated December 22, 2023, Catvision Limited received order 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: Last trading price of Catvision Limited share on BSE is Rs 17.70 per share. Its 52-week high price is Rs 17.96 per share and 52-week low price is Rs 11.00 per share, respectively. The company has a market capitalisation of Rs 9.65 crore. Catvision shares soared 18% in last 2-weeks, gained 43% in last 6-months, and offered return of 40% in last 1-year. In last 2-years, Catvision stock surged 79% and rallied 226% in last 3-years.

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.