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Stock under ₹70 in focus after receiving order worth ₹96 Lakhs from Navi Mumbai International Airport

Stock under ₹70 wins ₹96.44 lakh order from Adani-run Navi Mumbai Airport for flower pots, boosting its presence in infrastructure beautification and airport landscaping projects.
Stock under ₹70 in focus after receiving order worth ₹96 Lakhs from Navi Mumbai International Airport
Stock under ₹70 in focus after receiving order worth ₹96 Lakhs from Navi Mumbai International Airport

Introduction:

A stock trading under ₹70 has secured a new order worth ₹96.44 lakhs from Navi Mumbai International Airport, managed by the Adani Group, for supplying flower pots, continuing its contribution to infrastructure beautification and expanding its footprint in airport landscaping projects.

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Share Price movement of Harshdeep Hortico:

On April 2, 2025, Harshdeep Hortico Ltd opened at ₹67.45, reaching a high of ₹67.45, up 1.27% from its previous close of ₹66.60, and a low of ₹65.00. The stock is currently trading at ₹65.00, with a market cap of ₹104.61 Crores.

Harshdeep Hortico received order worth ₹96 Lakhs:

Harshdeep Hortico Limited has received a fresh purchase order from Navi Mumbai International Airport Private Limited, managed by the Adani Group, for supplying various types of flower pots. This order is an extension of a previous one received via Larsen & Toubro.

The order is valued at ₹96.44 lakhs, inclusive of all taxes. It is a domestic contract for the supply of flower pots with execution scheduled up to May 31, 2025. The terms align with standard procurement practices for airport landscaping requirements.

There is no related party transaction involved, and neither the promoter group nor associated companies have any interest in the awarding entity. This marks continued collaboration on infrastructure beautification projects at Navi Mumbai Airport.

Also Read: PSU stock jumps after receiving order for evacuation of power from Mahan Energen Ltd

Ace investor holding of Harshdeep Hortico:

As of September 2024, ace investor Mukesh Panjwani holds 180,000 shares of Harshdeep Hortico. At the current price of ₹65.00, the total value of his holding stands at ₹1.17 crore, reflecting growing investor interest in this under ₹70 smallcap stock.

Stock performance of Harshdeep Hortico for Period of 1 week, 6 months and 1 year:

Harshdeep Hortico’s stock rose 8.65% over the past week, showing positive short-term momentum. However, it declined by 14.2% over the last six months. Despite this, the stock delivered a strong 41.9% return over the one-year period, reflecting solid long-term performance.

Also Read: Large cap stock jumps after announcing demerger of its energy business

Shareholding pattern of Harshdeep Hortico:

SummarySep-24Mar-24
Promoter 72.90%72.50%
FII0%1.90%
DII 0%4.60%
Public27.10%21.00%
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About Harshdeep Hortico:

Harshdeep Hortico Ltd (BSE : 544105) is a leading manufacturer and supplier of decorative planters and garden accessories. The company caters to infrastructure, hospitality, and urban landscaping projects, combining design innovation with sustainable materials to enhance outdoor and indoor spaces across domestic and international markets.

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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