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Penny Stocks: When a company receives a work order, the stock of that company moves. Take Ameya Precision Engineers Limited as an example. DRDO gave a work order to the company yesterday. After which there was a sudden rise in the share price of the company on Wednesday. Let us tell you that the share price of Ameya Precision Engineers Limited is less than 100 rupees.
What is the cost of a work order?
In a disclosure to the stock market on August 29, Ameya Precision Engineers Ltd said that the company has received a work project from DRDO. The price of which is 91 lakh 34 rupees. The company has to purchase LR-LACM. The news sent the share price of this little-known stock soaring.
This stock will be divided into 5 parts, investors are eager to buy
70 percent jump in 3 months
Shares of the company today i.e. Wednesday on the NSE traded at Rs. opened at 63.90. In no time, the company’s shares took a circuit of over 20 percent. However, after some time, the share price of the company saw a decline. And the share closed at the level of Rs.67.50. Let us tell you that the share price of the company has increased by more than 70 percent in the last 3 months.