Stock prices jumped upon receiving the new order. On Tuesday, December 23, the stock price increased by more than 10 per cent at one point. At 11:18 AM, Antony Waste Handling Cell's stock price reached ₹553.90. The stock price increased after a subsidiary of this company received a large order from Thane Municipal Corporation. After rising considerably, it fell back somewhat. Around 1:30 PM, the stock price stood at around ₹537 with an 8 per cent increase.
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The stock price increase was not seen only on Tuesday; the stock price has increased by 22% in the past week. This stock's price has risen by 13% in the past month.
Stock price increases upon receiving order
In an exchange filing, Anthony Waste announced that its subsidiary company Antony Lara Enviro Solutions, has received an order from Thane Municipal Corporation for waste management. The contract amount is ₹329.45 crore. The company will build a Solid Waste Pre-processing Plant on municipal land for solid waste management. The order includes conditions for building and designing the plant, starting operations, and maintaining the plant for 10 years.
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Ei Samay online SEBI-registered financial analyst Sudip Brahmachari had stated that companies working on waste management and pollution control issues could be watched in the coming years. Antony Waste Handling Cell is one such company. It has been working in municipal area waste management for more than two decades. The company operates across the country and mainly provides services to municipalities.
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