Penny stock under Rs 25 with Rs 292 crore order book, hit upper circuit & 52-week high after receiving a 12-month project from Sarala Projects Works Pvt Ltd

On Thursday, shares of Axis Solutions Limited hit a 5 per cent upper circuit to Rs 21.07 per share from its previous closing of Rs 20.07 per share. The stock also made a new 52-week high of Rs 21.07 per share and its 52-week low is Rs 15 per share.

Axis Solutions Limited, previously known as Asya Infosoft Limited, has secured a domestic order from Sarala Projects Works Private Limited for a water supply project scheme. Under the terms of the agreement, Axis Solutions Limited will provide the necessary machinery, manpower, and related resources to ensure the project's smooth execution. The project is slated for completion within 12 months from the agreement date, followed by 10 years of operation and maintenance. Payments will be received within seven days of the amount being credited to the designated account, with late delivery charges applicable if the project is not completed within the stipulated timeframe.

About Axis Solutions Limited (formerly known as Asya Infosoft Limited)

Axis Solutions Limited is a market leader as a diversified solution provider for a comprehensive range of systems and products, from complex measurement and analytical technology to automation, control, communication and IoT products and systems. The company has an in-house R&D department that strives to develop world-class innovative solutions to cope with the demands and challenges of designing systems and products for hazardous locations.

The company has a market cap of Rs 99.58 crore and has an order book of Rs 292 crore as of May 2025. The shares of the company have a PE of 3x whereas the industry PE is 27x with an ROE of 40 per cent and an ROCE of 30 per cent. The stock is up over 40 per cent from its 52-week low of Rs 15 per share. The promoters of the company hold 85.64 per cent stake, DIIs hold 1.74 per cent stake and public shareholders own 12.62 per cent stake.

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