Techno Electric & Engineering Company Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

The company's board authorized and declared the opening of the issue on Tuesday, 16 July 2024.

The floor price of Rs 461.26 is at a discount of 0.40% to the previous day's closing price of Rs 459.40 on the BSE.

The firm may offer a discount of not more than 5% on the floor price so calculated for the issue.

Techno Electric & Engineering Company is a recognized company in the power sector. It provides engineering, procurement and construction services to the three segments of power sector including generation, transmission and distribution. The company is also engaged in generation of wind power through wind turbine generators in the states of Tamil Nadu & Karnataka.

The company reported a 27.53% rise in consolidated net profit to Rs 77.53 crore on 40.46% jump in revenue from operations to Rs 439.62 crore in Q4 FY24 over Q4 FY23.

The scrip rose 0.42% to currently trade at Rs 1,510.05 on the BSE.

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Techno Electric & Engg. Company announced that the Board of Directors of the Company at its meeting held on 28 May 2024, inter alia, have recommended the final dividend of Rs 7 per equity Share (i.e. 350%) , subject to the approval of the shareholders.

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Net profit of Techno Electric & Engineering Company rose 27.55% to Rs 77.54 crore in the quarter ended March 2024 as against Rs 60.79 crore during the previous quarter ended March 2023. Sales rose 40.47% to Rs 439.62 crore in the quarter ended March 2024 as against Rs 312.97 crore during the previous quarter ended March 2023.

For the full year,net profit rose 43.67% to Rs 268.46 crore in the year ended March 2024 as against Rs 186.86 crore during the previous year ended March 2023. Sales rose 81.12% to Rs 1502.38 crore in the year ended March 2024 as against Rs 829.50 crore during the previous year ended March 2023.

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Hindustan Construction Company Ltd, EIH Ltd, Best Agrolife Ltd and Voltamp Transformers Ltd are among the other losers in the BSE's 'A' group today, 27 May 2024.

Techno Electric & Engineering Company Ltd tumbled 10.35% to Rs 1053.7 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 51237 shares were traded on the counter so far as against the average daily volumes of 74365 shares in the past one month.

Hindustan Construction Company Ltd lost 6.09% to Rs 38.08. The stock was the second biggest loser in 'A' group.On the BSE, 46.66 lakh shares were traded on the counter so far as against the average daily volumes of 19.06 lakh shares in the past one month.

EIH Ltd crashed 5.39% to Rs 446.75. The stock was the third biggest loser in 'A' group.On the BSE, 1.36 lakh shares were traded on the counter so far as against the average daily volumes of 36668 shares in the past one month.

Best Agrolife Ltd corrected 5.36% to Rs 563.75. The stock was the fourth biggest loser in 'A' group.On the BSE, 57789 shares were traded on the counter so far as against the average daily volumes of 9155 shares in the past one month.

Voltamp Transformers Ltd dropped 5.25% to Rs 11324.75. The stock was the fifth biggest loser in 'A' group.On the BSE, 1458 shares were traded on the counter so far as against the average daily volumes of 1949 shares in the past one month.

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