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Sharika Enterprises touches roof on bagging contract worth Rs 42.10 crore

Sharika Enterprises Ltd. | Trading | Miscellaneous | BSE: 540786 | NSE:

12 Oct 2021 Evaluate

Sharika Enterprises is locked its upper circuit limit at Rs. 10.99, up by 1.83 points or 19.98% from its previous closing of Rs. 9.16 on the BSE.

The scrip opened at Rs. 10.99 and has touched a high and low of Rs. 10.99 and Rs. 9.55 respectively. So far 208526 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 16.99 on 02-Jul-2021 and a 52 week low of Rs. 6.20 on 09-Feb-2021.

Last one week high and low of the scrip stood at Rs. 10.99 and Rs. 9.01 respectively. The current market cap of the company is Rs. 47.59 crore.

The promoters holding in the company stood at 55.16%, while Non-Institutions held 44.84%.

Sharika Enterprises has received a contract to design, supply, install, commission and maintain Feeder Automation System as part of Distribution Management System (DMS) to improve the reliability of the power distribution in Jammu and Kashmir. The contract has been awarded by General Electric Company's India Entity GE T & D India as an associate partner. The contract to Sharika Enterprises, valued at Rs 42.10 crore ($ 5.8 million) is one of the largest feeder automation contract this year in the country.

This gives Sharika Enterprises an opportunity to take forward, it's commitment to ‘Make in India’ effort and look forward to manufacture considerable part of smart feeder Automation Products in India replacing huge imports at the moment to meet the technology demand. With this, the company is poised to be front runner in the field of loT in Power Distribution Sector.

Sharika Enterprises operate in the infrastructure sphere in India focusing on the power sector and work with international and Indian power equipment manufacturers and involved in project management/EPC contractors.

Sharika Enterprises Share Price

13.00 0.47 (3.75%)

17-Apr-2026 16:59 View Price Chart

Peers

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Amrapali Industries	17.53
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PDS	301.45
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Sharika Enterprises touches roof on bagging contract worth Rs 42.10 crore

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