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HomeNewsMicrocap stock under ₹35 jumps 9% after receiving ₹10 Cr order for...

Microcap stock under ₹35 jumps 9% after receiving ₹10 Cr order for infra project from UAE

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The shares of this EPC-based company are in focus after the company announced that it secured an order from an Overseas Company (based in the UAE). In this article, we will dive more into the details.

With a market capitalization of Rs 53.7 crores, the shares of Samay Project Services Ltd are currently trading at Rs 35 per share, down by 6.6 percent from its 52-week high of Rs 37.50.

Samay Projects announced through a stock exchange filing that it has landed an exciting international contract with a company in Dubai, UAE. This project will see them handle the engineering, supply, installation, and commissioning of piping and support components for a facility in Kenya. The contract is valued at USD 1.15 million (approximately Rs 9.88 crore), and they expect to finish the work in about 5.5 months.

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