Salasar Techno Engineering Ltd’s (STEL) consolidated net profit has doubled to Rs 14.73 crore during the January-March quarter of 2022-23 compared to the year-ago period, helped by higher income.

Salasar Techno Engineering Q4 doubles to Rs 14.73 cr due to higher income

Salasar Techno Engineering reported a 54 per cent rise in the net profit to Rs 10.73 crore in the quarter ended on December 31, 2022, compared to a net profit at Rs 6.97 crore in the year ago period.

Salasar Techno Engineering shares rise 6% after strong Q3 results

With a market worth of ₹1,586.42 Cr, Salasar Techno Engineering Ltd. is a small-cap company that engages in the industrial industry.

Multibagger stock of ₹50 secures order of ₹143 Cr, gains 100% in 6 months

The shares of Salasar Techno Engineering Infra rose 4.92% intraday to Rs 52.2 against the previous close of Rs 49.75 on BSE.

Salasar Techno Engineering stock rises 5% on order win from Nepal

The project received from Nepal Electricity Authority (NEA) will come up in Dang, Rukum East and Baitadi districts of the neighbouring nation

Salasar Techno Engineering gets Rs 143 cr EPC contract from Nepal govt

Investors’ appetite for this small-cap stock accelerated even more after Salasar Techno secured two letters of intent (LOI) from Pashchimanchal Vidyut Vitran Nigam (PVVNL). The two orders are aggregated to a whopping ₹748.46 crore.

Smallcap stock emerges multibagger in 6 mths, more than doubles investors wealth

The orders in Hapur and Bulandshahar are worth Rs 403.85 crore, while in Meerut and Baghpat, it stood at Rs 344.61 crore, the company said.

Salasar Techno Engineering bags power projects worth Rs 750 cr in UP

Salasar Techno Engineering zoomed 8.55% to Rs 56.50 after the company announced that it has secured two letters of intent (LoIs) worth Rs 748.46 crore from Pashchimanchal Vidvut Vitran Nigam (PVVNL).

Salasar Techno Engg soars on bagging Rs 748-cr LoIs from PVVNL

Technology services provider Onward Technologies saw Mauritius-based Infinity Direct Holdings buying a 24.38% stake in the company. The other company, Salasar Techno, saw FPI holding jump 11.25% sequentially from 0.93% to 12.18% in the September quarter.

FPI buying in small cap stocks attracts analysts’ attention

“The fund raising committee...has approved the issuance and allotment of 3,00,00,000 equity shares to qualified institutional buyers in present tranche at the issue price of Rs 27.30 per equity share (including a premium of Rs 26.30 per equity share), aggregating to Rs 81,90,00,000,” it said.

Salasar Techno Engineering board approves raising Rs 82 cr from 4 FPIs

The proposal was approved by the fund raising committee of the company’s board at its meeting held on Tuesday, Salasar Techno Engineering said in a statement.

Salasar Techno Engineering board approves raising Rs 82 crore from 4 FPIs

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Salasar Techno Engineering is a provider of steel solutions in India. It provides customized steel fabrication and infrastructure solutions for telecommunication towers, transmission towers, substation structures and solar module mounting structures