Micro Cap Jumps 20% After ₹5-Cr Order Win


Shares of Techknowgreen Solutions Limited rocketed 20% on Thursday to hit an all-time high of ₹169.30.

What Happened: The massive surge today comes as the company announced bagging ₹5.3-crore order from Gramercy Trade Industries Private Limited. The order is for the for the disposal of radioactive
spent catalyst and safe closure of company.

The environmental consulting company made their debut at the bourses late last month on the BSE SME board. The IPO opened mid-September and the price for the IPO was ₹86. The ₹16-crore IPO was oversubscribed by 12 times.

See Also: Why This LIC-Backed Small Cap Stock Is Surging 15% Today

The stock opened at just ₹87 on listing day, but soon after went on to hit the upper circuit by close. Since then, the stock has been hitting the upper circuit for 10 straight sessions. Today, with the surge, it has almost doubled the investments of its IPO investors.

Price Action: Techknowgreen’s share price was locked in 20% upper circuit at ₹169.30 on Thursday.

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