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Waste management stock hits 5% upper circuit after receiving order worth ₹7.7 Cr from Anjar Municipality, Gujarat

Waste management stock secured a ₹7.77 Crores contract from Anjar Municipality for two-year cleaning operations in nine wards, boosting its presence in urban sanitation services.
Waste management stock secured ₹7.77 Crores contract for 2-year municipal cleaning.

Introduction:

Waste management stock received a work order worth ₹7.77 Crores from Anjar Municipality, Gujarat, for two-year cleaning operations across nine wards. This contract strengthens its presence in urban sanitation and waste management, supporting municipal efforts to maintain cleaner city environments.

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Share Price movement of Urban Enviro Waste Management:

On March 18, 2025, Urban Enviro Waste Management Limited opened at ₹155.05, reaching a high of ₹165.10, hitting 5% upper circuit from its previous close of ₹157.25, with a low of ₹149.50. The stock is currently trading at ₹165.10, with a market cap of ₹142.98 Crores.

Urban Enviro Waste Management hits 5% upper circuit:

Urban Enviro Waste Management Limited secured a work order from Anjar Municipality, Gujarat, for cleaning operations in Wards 1 to 9. The contract, valued at ₹7.77 Crores, reflects the company’s growing presence in municipal waste management services.

The awarded project spans two years, ensuring consistent cleaning operations across the designated wards. This work order strengthens the company’s footprint in Gujarat’s urban sanitation sector, supporting local authorities in maintaining clean and hygienic municipal areas.

Urban Enviro Waste Management Limited confirmed the contract details as per regulatory compliance. The company remains committed to expanding its waste management services and contributing to sustainable and cleaner cities through effective municipal partnerships.

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Ace investor holding of Urban Enviro Waste Management:

Vikas Sharma holds 1,18,600 shares of Urban Enviro Waste Management Limited, representing a 2.74% stake valued at ₹2.0 Crores. His holdings remained unchanged from the previous quarter, reflecting confidence in the company’s potential in the waste management sector.

Shilpa Amit Gharlute owns 75,620 shares of Urban Enviro Waste Management Limited, holding a 1.75% stake worth ₹1.2 Crores. Her stake decreased by 0.54% from the previous quarter, indicating partial profit booking while maintaining a significant investment in the company.

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Stock performance of Urban Enviro Waste Management for Period of 1 week, 6 months and 1 year:

Urban Enviro Waste Management stock gained 4.62% in the past week, showing short-term strength. However, it faced a 24.3% decline over six months. Despite this drop, the stock delivered a 12.8% positive return over the one-year period, reflecting long-term growth potential.

Also Read: Paper stock to watch after Trade Union calls strike at its manufacturing plant in Gujarat; Production to reduce by 20%

Shareholding pattern of Urban Enviro Waste Management:

SummaryDec-24Sep-24Jun-24
Promoter 51.20%51.20%51.20%
FII0.10%0.10%0%
DII 0%0%0.00%
Public48.80%48.80%48.80%

About Urban Enviro Waste Management:

Urban Enviro Waste Management Ltd (NSE:URBAN) is a leading company in municipal waste management services, offering cleaning, collection, and disposal solutions. It partners with local bodies to maintain urban sanitation, contributing to cleaner cities and promoting sustainable environmental practices across various regions in India.

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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