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Besides giving double-digit returns consistently in December, there are a few interesting factors backing this optimism. Lets delve a little more deeper into those factors.
SEPC Ltd has secured a contract worth Rs 427.9 crore from the Jharkhand government for the construction of an intake well on a turnkey basis. The project is expected to be completed within 27 months, with five years of operation and maintenance.
About 57 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. Jaiprakash Associates was the top gainer in the pack with nearly 40% return, followed by SEPC Ltd (35.1%), Greenlam Industries (29.6%), and Apollo Micro Systems (25%).
The Madras High Court has issued a restraint order against SEPC Ltd and Twarit Consultancy Services, preventing them from disposing of or creating third-party rights on some of their assets in a dispute with Gaja Capital. Gaja Capital had sought enforcement of an arbitration award of approximately ₹280 crore against SEPC Ltd, claiming that the amount had not been paid despite the tribunal's order.
SEPC Ltd have successfully completed the Integrated Al Qibla Project in Basra, Iraq, for USD 236 Million.