Containe Technologies Limited’s shares have surged 5% and reached an all-time high of Rs 101.43 per share on BSE, with a significant increase in volume by over 1.69 times. The company presents an affordable investment opportunity for investors interested in industrial products, with a market capitalization of Rs 63.33 crore and a share price below Rs 150.
Nageshwarrao Srikrishna Duvvuri conducted a sell deal, selling 100,000 shares at a rate of Rs 96.84 per share, which may present a discounted buying opportunity. Additionally, the company has received approval for the registration of their Vehicle Location Tracking (VLT) Devices for use in the State of Odisha, a significant milestone for the company. Join investors taking advantage of this opportunity and invest in Containe Technologies.
About Company:
Containe Technologies Limited (CTPL), established in 2008, specializes in producing electronic and mechanical automotive products for Automobile Safety and GPS solutions. In the specified period, Speed Limiting Devices account for the majority share at 80.06%, Vehicle Location Tracking contributes 18.18%, and the remaining 1.76% is classified under others.
The company primarily caters to the private sector, representing 83.33% of its customer base, with the government sector comprising the remaining 16.67%. The company’s stock has generated multibagger returns of over 141% in just one year, attracting significant buying activity.
