Expo Gas Containers Sees Share Price Surge Following Major Order
On Friday, Expo Gas Containers experienced a notable uptick in its share price, rising by over 4% after announcing a substantial work order from Bharat Petroleum Corporation Ltd (BPCL). The small-cap company, known for its expertise in heavy engineering, saw its shares reach ₹51.95 on the Bombay Stock Exchange (BSE), reflecting investor confidence in this promising development.
Major Order from Bharat Petroleum
Expo Gas Containers has secured a lucrative contract valued at ₹25.63 crore from BPCL, specifically for work at the Mahul refinery in Mumbai. The contract spans a period of three years, with execution terms outlined in a formal agreement between the two entities. According to a regulatory filing dated March 27, the company expressed its satisfaction regarding this significant order, indicating it was received as part of its regular business activities.
Recent Performance and Future Prospects
- The latest order adds to Expo Gas Containers’ existing order book, which stood at ₹88.84 crore for Q3 FY25.
- Earlier in the December 2024 quarter, the company had already secured another contract worth ₹37.22 crore for constructing storage tanks at BPCL’s Paradeep Installation.
Despite the recent positive developments, Expo Gas Containers’ stock has faced challenges this year. While the shares gained 7% over the past month, they have experienced a 30% decline year-to-date. Notably, the stock has still shown resilient growth over the longer term, climbing 350% over the past two years and an astounding 2280% over five years.
Current Share Performance
As of 10:30 AM, the shares of Expo Gas Containers were trading at ₹48.30, reflecting a slight decrease of 3.23%. Investors are keenly watching these developments, as the company continues to expand its footprint in the engineering sector.
Conclusion
With a diverse portfolio and significant contracts from major corporations like BPCL, Expo Gas Containers is positioning itself for future growth. Investors looking for opportunities in the small-cap sector might find this company’s trajectory worth following closely.
