Micro Cap Stock Soars 20% After Bagging Government Order

Shares of Techknowgreen Solutions rocketed early on Monday morning going up close to 20% to hit an intraday high of ₹268.90.

What Happened: The massive surge today comes as the company on Saturday announced bagging an order from the Maharashtra Pollution Control Board. As per the order, the company will evaluate the air quality in different indoor environments and formulate best practices for better indoor air quality.

See Also: Railway Stock Rockets 8% After Bagging ₹170 Cr Order

The order is worth around ₹9.8 crore. The company also added that the payment will be received in 4 stages, 25% after stage 1, the next 30% after stage 2, another 30% after stage 3 and the remaining 15 after the final stage. The order is to be completed within 15 months from the date of the work order.

Earlier this month, the company announced securing its biggest-ever order. The company received an order worth around ₹18 crore. The order surpassed the company’s entire FY23 turnover.

Price Action: Shares of the company were up 12.59% to trade at ₹253 shortly after market open on Monday.

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