The shares of a microcap Engineering stock engaged in the manufacturing of Metro Rail Rolling Stock Products, Railway Signaling Products, Infrastructure Products and related products hit 5% upper circuit on Thursday’s trade after securing Order from BEML Limited worth Rs 7 Crores.
Share Price Movement
The shares of Presstonic Engineering Ltd, with a market capitalization of Rs 77.07 Crores, hit a 5% upper circuit in today’s trading session at Rs 101.65 per share. As of 2:00 pm, the shares retreated and were trading at Rs 100 per share, which was 3.25% higher than the previous closing price of Rs 96.85.
Order Details
As per a press release dated February 12, 2025, Presstonic Engineering Limited has received a Purchase Order from BEML Limited. The purpose of the order is for the supply of Metro Train Passenger Saloon Seats for BMRCL-5RSDM Project and the total order value is Rs 7.1 Crores.
Financials
The company reported a Net Loss of Rs 4.42 Crores in H1FY25 as against a Net Profit of Rs 1.4 Crores in H1FY24. Their Revenue from Operations reduced by 78% from Rs 14.25 Crores in H1FY24 to Rs 3.08 Crores in H1FY25.
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Previous Orders from BEML
In the month of December 2024, Presstonic Engineering Ltd has secured various orders from BEML Ltd for the BMRCL-5RSDM Project. The company received an order for the supply of Cable Duct Assy with a total order value of Rs 14.5 Crores,it received another order for the supply of Seat Kit Items worth Rs 2.28 Crores, and secured an order for the supply of Grab Pole, Grab Rail and Draught Screen Pole worth Rs 8.72 Crores.
Indian Engineering Industry
India’s Capital Goods manufacturing industry plays a vital role across sectors like Engineering, Construction, Infrastructure, and Consumer goods. The engineering sector is the largest in India, comprising 27% of total industrial factories and 63% of overall foreign collaborations. This sector has been de-licensed and permits 100% Foreign Direct Investment (FDI).
About Presstonic Engineering Ltd
The Company manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, Infrastructure Products and supplies to renowned Global and Domestic OEM’s engaged in the Rail and Metro Rail Rolling stock and Signalling equipment manufacturing and servicing companies. The Company started their operations in 2011 by venturing into Metro Rail Segment with the manufacturing plant set up in Pillappa Industrial Layout.
Written By Adhvaitha Nayani
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The shares of a microcap Engineering stock engaged in the manufacturing of Metro Rail Rolling Stock Products, Railway Signaling Products, Infrastructure Products and related products hit 5% upper circuit on Thursday’s trade after securing Order from BEML Limited worth Rs 7 Crores. Share Price Movement The shares of Presstonic Engineering Ltd, with a market capitalization
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