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Stock jumps 6% after receiving order worth ₹348 Cr from Tamil Nadu Medical Services Corp.

News by Aliceblue News Desk

17 Apr 2025

Stock jumps 6% after receiving order worth ₹348 Cr from Tamil Nadu Medical Services Corp.

Introduction:

Stock gained attention after securing a ₹348.91 Crore contract for facility management services in 29 medical institutions across Tamil Nadu. The deal spans three years and enhances its presence in the healthcare sector, supporting long-term revenue and business expansion goals.

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Share Price movement of Krystal Integrated Services:

On April 17, 2025, Krystal Integrated Services Ltd opened at ₹524.90, reaching a high of ₹563.85, up 6% from the previous close of ₹523.40 and a low of ₹513.50. The stock is currently trading at ₹541.80, with a market cap of ₹757.00 Crores.

Krystal Integrated Services received order:

Krystal Integrated Services Ltd has secured a significant facility management contract from Tamil Nadu Medical Services Corporation Limited. The contract involves providing housekeeping and security services across 29 out of 124 medical institutions under DME on an outsourced basis.

The Letter of Intent was dated Apr 15, 2025, and received on Apr 16, 2025. The domestic contract spans three years & covers critical operational services. It does not involve any related party transactions or promoter group interests, as per SEBI guidelines.

The total estimated contract value stands at ₹348.91 Cr. This award strengthens Krystal’s presence in the healthcare sector, aligning with its expansion strategy in facility management & boosting long-term revenue visibility in the domestic services segment.

Also Read: Pharma stock jumps 15% after USFDA grants QlDP designation for treatment of bloodstream infections

Stock performance of Krystal Integrated Services for Period of 1 week, 6 months and 1 year:

Over the past week, Krystal Integrated Services stock rose sharply by 16.3%, indicating short-term momentum. However, the stock declined by 29.4% over the past six months and registered a significant drop of 46.2% over the one-year period, reflecting overall volatility.

Also Read: Green energy stock under ₹60 jumps after receiving order from Sunsure Energy

Shareholding pattern of Krystal Integrated Services:

All values in %Mar-25Dec-24Sep-24
Promoters69.9669.9669.96
FII2.090.720.74
DII3.785.025.11
Retail & others24.1724.2924.2
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About Krystal Integrated Services:

Krystal Integrated Services Ltd (NSE: KRYSTAL) is a facility management company offering housekeeping, security, and support services across sectors like healthcare, education, and public infrastructure. With a pan-India presence, it focuses on operational efficiency, client satisfaction, and expanding its footprint in outsourced service solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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