FII bought 1,00,00,000 shares & Rs 2,198 crore order book: Penny stock under Rs 10 jumps over 8% on July 10

DSIJ Intelligence-1 / 10 Jul 2025/ Categories: Penny Stocks, Trending

FII bought 1,00,00,000 shares & Rs 2,198 crore order book: Penny stock under Rs 10 jumps over 8% on July 10

The stock is up by 19 per cent from its 52-week low of Rs 7.03 per share and has given multibagger returns of 342 per cent in 5 years.

On Thursday, shares of Salasar Techno Engineering Ltd jumped over 8 per cent to Rs 8.35 per share from its previous closing of Rs 7.73 per share. The stock’s 52-week high is Rs 23.27 per share and its 52-week low is Rs 7.04 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE. An FII, Vikasa Global Fund PCC - Eubilia Capital Partners Fund I bought 1,00,00,000 shares in June 2025 as per the BSE exchange.

Established in 2006, Salasar Techno Engineering Limited (STEL) is a leading provider of customised steel infrastructure solutions in India. They offer a comprehensive range of services, including engineering, design, fabrication, galvanisation and installation. STEL's product portfolio includes various towers (telecom, power transmission, lighting, etc.), substations, solar structures, railway electrification components, bridges and custom steel structures. Moreover, they act as an EPC contractor, managing complete projects for rural electrification, power lines and solar plants.

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According to Quarterly Results (Q4FY25), the net sales of Rs 483.31 crore and net loss of Rs 5.23 crore while in its half-yearly results (H2FY25), the company reported net sales of Rs 858.49 crore and net profit of Rs 6.71 crore. In FY24, the company reported net sales of Rs 1,447.43 crore and net profit of Rs 19.13 crore.

The company has a market cap of over Rs 1,300 crore and as of December 31, 2024, STEL has a strong order book of Rs 2,198 crore. The stock is up by 19 per cent from its 52-week low of Rs 7.03 per share and has given multibagger returns of 342 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.