Introduction:
Leading engineering firm has secured a significant purchase order from BEML Limited, Bengaluru, for supplying essential components like Grab Pole, Grab Rail, and Draught Screen Pole for the BMRCL-5RSDM Project, valued at ₹8.72 crore.
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Share price movement of Presstonic Engineering:
On December 19, 2024, Presstonic Engineering opened at ₹101.40, up 4.97% from its previous close of ₹96.60. The stock reached a high of ₹101.40 and remained stable at that level throughout the day. As of 12:59 PM IST, it continued to trade at ₹101.40, maintaining a market cap of ₹78.15 crore.
Presstonic receives ₹8.72 crore order:
Presstonic Engineering Limited has received a significant purchase order from BEML Limited, Bengaluru, for supplying Grab Pole, Grab Rail, and Draught Screen Pole for the BMRCL-5RSDM Project. The order, valued at ₹8.72 crore, was placed on December 18, 2024.
The purchase order outlines the technical specifications and terms for the supply of critical components for the project. Presstonic Engineering is expected to adhere to these specifications to fulfill the requirements within the agreed timelines.
This order marks a major milestone for Presstonic Engineering, strengthening its relationship with BEML Limited and showcasing its capabilities in providing essential components for large infrastructure projects.
Stock performance of Presstonic Engineering for Period of 1 week, 6 months and 1 year:
Presstonic Engineering Limited’s stock has decreased by 0.41% over the past week. In the last six months, it has fallen by 9.80%, and over the past year, the decline is 27.2%. These figures indicate a challenging performance period for the company.
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Shareholding pattern of Presstonic Engineering:
| All values in % | Sep 2024 | Mar 2024 |
| Promoter | 58.00% | 58.00% |
| FII | 0.00% | 0.00% |
| DII | 0.00% | 0.00% |
| Public | 42.00% | 42.00% |
About Presstonic Engineering:
Presstonic Engineering Limited (NSE: PRESSTONIC) was founded in 1996 as Presston Engineering Corporation. It operates in the Metro Rail and infrastructure sectors, manufacturing products like seating systems, cable management, and signaling equipment.
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.
