BSE-listed SME stock jumps 9% on ₹23 crore order from PSU company Garden Reach Shipbuilders

Stock Market Today: BSE-listed SME stock gained more than 9% during the intraday trades on Monday on a ₹23 crore order from PSU company Garden Reach Shipbuilders. Check details about Quest Flow Controls Ltd

Quest Flow Controls announced on the exchanges about the purchase order it has received from a prestigious client. The prestigious client from which the BSE-listed SME stock Quest Flow Controls has received an order is the Public Sector Undertaking, or PSU, company Garden Reach Shipbuilders & Engineers Ltd. (A GOVT. OF INDIA UNDERTAKING). As per the significant terms and conditions for the order, the scope of the order is for the supply of valves & spares.

The value of the order for the supply of valves and spares for BSE-listed SME stock Quest Flow Controls, which has received an order from the Public Sector Undertaking, or PSU, company Garden Reach Shipbuilders & Engineers , is ₹23,55,90,931.85, including GST (Goods and Services tax). The same translates to ₹23.56 crore; the order for BSE-listed SME stock Quest Flow Controls has received an order from the Public Sector Undertaking, or PSU, company Garden Reach Shipbuilders & Engineers.

Quest Flow Controls in its intimation to the BSE SME Platforms said that “we hereby inform you that purchase order received from the prestigious client M/s. GARDEN REACH SHIPBUILDERS & ENGINEERS LTD (A GOVT. OF INDIA UNDERTAKING) for supply of valves & spares.”

BSE-listed SME stock Quest Flow Controls' order from the Public Sector Undertaking, or PSU, company Garden Reach Shipbuilders & Engineers is to be completed in 3 months.

Quest Flow Controls' share price opened at ₹288 on the BSE on Monday. At the time of opening, Quest Flow Controls' share price was slightly lower compared to the previous day's closing price of ₹294.30. Quest Flow Controls' share price, thereafter, gained momentum and touched an intraday high of ₹321.80, which meant gains of more than 9% during the intraday trades on Monday, after announcement of an order flow for BSE-listed SME stock Quest Flow Controls'

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