 "Salasar Techno hits highest level since listing;up 238% against issue price")
Shares of Salasar Techno Engineering rose by 8% to Rs 365 on the BSE, its highest level since listing on July 25, 2017. The stock appreciated 238% against its issue price of Rs 108 per share.
Salasar Techno Engineering is into manufacturing, fabrication and installation of telecom towers, transmission towers & substation structures and solar mounting structures.
For the first nine months (April-December) of current financial year 2018 (FY18), the company had reported a strong 74% year on year (YoY) growth in net profit at Rs 202 million against Rs 116 million during the same period of FY17.
Salasar Techno Engineering is into manufacturing, fabrication and installation of telecom towers, transmission towers & substation structures and solar mounting structures.
For the first nine months (April-December) of current financial year 2018 (FY18), the company had reported a strong 74% year on year (YoY) growth in net profit at Rs 202 million against Rs 116 million during the same period of FY17.
