Monte Carlo Fashions has received multiple Letters of Award worth around ₹147 crore from Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL). The contracts are for setting up solar PV–based power plants with a total capacity of 35 MW (AC) under the PM KUSUM-C (Surya Mitra Krishi Feeders Scheme) in one district of Madhya Pradesh. These are grid-connected solar projects with an execution timeline of 18 months and a 25-year operational period. In the previous session, the stock closed at ₹722.70, down 0.71%. The 52-week high is ₹924.95 and the 52-week low is ₹507.40. Currently, the stock is about 22% below its high and over 42% above its low. The share price has gained 23% in the last six months. With a market capitalisation of about ₹1,498 crore, this order supports revenue visibility and highlights the company’s growing presence in the renewable energy EPC space.

#PersonalFinance#StockInNews#FundamentalViews#Pre-OpeningCommentary#EquityResearch

526 likes·59 comments