Shares of Saakshi Medtech and Panels are expected to be in focus on December 11 after the company received a Letter of Business Award (LoBA) from Mahindra & Mahindra for the supply of EV panels. The order includes a three-year guarantee or warranty for the products.
The overall order value is approximately Rs 250 crore, inclusive of GST, for the next five years going up to 2029. The agreement is to supply the initial lot within 60 days of receipt of the order.
Saakshi Medtech said the net profit for the September-ended quarter came at Rs 3.45 crore. The share of the company has seen some quite huge movement on NSE with its 52-week high value coming at Rs 369 on July 4, 2024, and the 52-week low coming at Rs 176.05 on November 27, 2024. The stock is 45.79% down from the 52-week high while trading 13.63% up from its 52-week low.
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com
Source: Moneycontrol
News Desk
