Introduction:
Smallcap stock Innovators Facade Systems Limited has secured a substantial contract from Prestige Mulund Realty Private Limited for facade work at Prestige Trade Centre, Mumbai, worth INR 110 Crores, encompassing comprehensive design and installation services to be completed over 15 months.
Share Price movement of Innovators Facade Systems Ltd :
On 22 November 2024, Innovators Facade Systems Ltd (NSE: INNOVATORS) stock opened at ₹197.00, reflecting a 9.71% increase from the previous close of ₹179.50. It touched an intraday high of ₹197.00 before dipping to ₹186.70.
At 11:35 am, the stock is trading at ₹191.00, up 6.41%. The company’s market capitalization stood at ₹360.38 crore, indicating strong investor interest.
Innovators Facade Systems Ltd share price rise After a new Order:
Innovators Facade Systems Limited announced receiving a significant work order from Prestige Mulund Realty Private Limited for facade work at Prestige Trade Centre, Mumbai. The contract, valued at INR 110 Crores, includes design, development, supply, fabrication, and installation services, including stone cladding, to be completed within 15 months from the commencement.
The work order represents a domestic transaction with no involvement of promoter or promoter group companies, nor is it a related party transaction under the Companies Act, 2013. This clarifies the company’s compliance with SEBI’s Listing Obligations and Disclosure Requirements.
This development is pivotal for Innovators Facade Systems, reinforcing their footprint in the facade solutions sector while adhering to regulatory compliance and transparency, underpinning their commitment to ethical business practices and corporate governance.
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Recent news About Innovators Facade Systems Ltd:
As of August 30, Innovators Facade Systems Ltd’s stock is priced at ₹223.30 per share. The company excels in the design, engineering, fabrication, assembly, and installation of customized facade systems.
Ace investor holding of Innovators Facade Systems Ltd:
Ace investor Vijay Kedia holds a 10.66% stake in Innovators Facade Systems Ltd, amounting to 2,010,632 shares. The current stock price is ₹191.00, valuing Kedia’s holding at ₹38.4 Crores. This investment reflects Kedia’s confidence in the company’s market position and future prospects.
Stock performance of Innovators Facade Systems Ltd for Period of 1 week, 6 months and 1 year:
For Innovators Facade Systems, stock performance over the past period has shown declines across multiple time frames. Over the last week, the return was -3.26%. The six-month period saw a decrease of -6.32%, and over the past year, the decline was -14.4%.
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Shareholding pattern of Innovators Facade Systems Ltd:
| Summary | Sep-24 | Jun-24 | Mar-24 |
| Promoter | 63.70% | 63.70% | 63.70% |
| FII | 0% | 0.00% | 0.00% |
| DII | 0% | 0% | 0% |
| Public | 36.30% | 36.30% | 36.30% |
About Innovators Facade Systems Ltd:
Innovators Facade Systems Ltd specialises in the design, development, and installation of facade solutions. Their offerings include comprehensive services from stone cladding to glass facade systems, catering to major construction projects and enhancing building aesthetics and performance in urban landscapes.
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.
