Stock Under Rs 100: Lighting and Fixtures Company Bags Order Worth Rs 19,40,00,000 From Tamashaa Factory Pvt Ltd

Focus Lighting & Fixtures Limited has secured a significant Letter of Intent (LOI) from the domestic entity, Tamashaa Factory Private Limited, for a project at Kohinoor Square, Mumbai. The order, which is valued at Rs 19,40,00,000 (Rupees Nineteen Crore Forty Lakhs Only), exclusive of GST, is for façade enhancement works. The primary scope of the contract involves the manufacture, supply, and delivery of LED lighting and fixtures, with the exact terms, conditions, and execution timeline to be finalised upon the issuance of the awaited Purchase Order.

Focus Lighting & Fixtures Limited, established in 2005, specializes in the manufacturing and trading of innovative LED lighting solutions, offering a diverse portfolio of spotlights and downlights such as the Array Pro, Dione Cove and Magnus series, alongside infrastructure and Railway lighting solutions like façade, underwater, and passenger lights; the company markets its products under the brand names Plus Light Tech, Trix and Lumens & Beyond.

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On Monday, shares of Focus Lighting & Fixtures Limited surged 1.23 per cent to Rs 89.75 per share from its previous closing of Rs 88.66 per share. The stock’s 52-week high is Rs 144 per share and its 52-week low is Rs 63.78 per share. The shares of the company have a PE of 48x, an ROE of 11 per cent and an ROCE of 14 per cent. The company has a market cap of over Rs 600 crore and the stock is up over 40 per cent from its 52-week low of Rs 63.78 per share.

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