Small-cap stock below ₹20: SME share AA Plus Tradelink hits upper circuit after this order book update
Stock market today: Small-cap stock AA Plus Tradelink shares witnessed heavy buying during early morning deals and hit 5 per cent upper circuit within few minutes of stock market's opening bell today. AA Plus Tradelink share price today opened with an upside gap and hit an intraday high of ₹11.39 apiece levels on BSE, finding no seller for the stock during early morning deals on Thursday session.
In latest exchange communicatoin, the small-cap company has informed BSE that it has received fresh order worth ₹51 crore. apart from this, the company also informed BSE that it has entered a deal with CNX Corporation Limited, that intends toplace export order worth ₹170 crore.
The small-cap SME company informed about these order book updates citing, “We are pleased to inform you that AA Plus Trade Link Ltd has recently received a significant export order with a total value of ₹51,00,00,000 (510 Million Rupees). This order reaffirms our commitment to excellence and our dedication to serving our chents with top-quality products." The SME company further informed BSE, "We are excited to share that AA Plus Trade Link Ltd has entered ‘nto a substantial business agreement with CNX Corporation Limited, a reputed commodity trading company.
CNX Corporation Limited has expressed its intent to forward export orders worth a total of Rs. 1,70,00,00,000 (1.7 Billion Rupees) to AA Plus Trade Link Ltd in the coming quarters." The small-cap stock listed on BSE SME exchange in July 2021 on BSE SME exchange.
The SME IPO was launched at ₹18 per share in May 2021 and it had a tepid listing as it listed on BSE SME exchange at ₹17.50 per share levels. The microcap stock is available for trade on BSE only and its current trade volume on BSE is 19.60
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