Penny stock under Rs 40 jumps 9.3% per cent after bagging an order of USD 11,50,000 from an overseas company based in Dubai
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up by 18.7 per cent from its 52-week low of Rs 30.25 per share.
On Tuesday, shares of Samay Project Services Ltd jumped 9.3 per cent to an intraday high of Rs 35.90 per share from its previous closing of Rs 32.85 per share. The stock has a 52-week high of Rs 37.50 per share and a 52-week low of Rs 30.25 per share.
Samay Project Services Limited announced on July 12, 2025, that it has received a Letter of Intent from an overseas company based in Dubai, UAE. This international contract, valued at USD 11,50,000, is for the design, engineering, supply, erection and commissioning of a piping and appurtenances package in Kenya. The project is an export endeavour, with engineering and supply handled on a Letter of Credit (LC) basis, followed by erection and commissioning work to be carried out on-site in Kenya, with an expected execution period of 5.5 months.
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Samay Project Services Limited, incorporated in November 2001, is an Engineering, Procurement, and Construction (EPC) firm. The company specialises in the design, engineering, supply, erection, and commissioning of balance-of-plant (BOP) systems, including piping systems, tanks, vessels, fabricated structures, and fire protection and detection systems (FFS) across diverse industries.
In FY25, the company reported net sales of Rs 37.10 crore and net profit of Rs 4.19 crore. The company has a market cap of over Rs 50 crore. The shares of the company have a PE of 13x, an ROE of 23 per cent and an ROCE of 30 per cent. The stock is up by 18.7 per cent from its 52-week low of Rs 30.25 per share.
Disclaimer: The article is for informational purposes only and not investment advice.