Akanksha Power to Dominate Global Market with Exclusive Tech Partnership, Rs 150-Cap Stock Soars Over 170%

Kolkata, India - Akanksha Power and Infrastructure Ltd, a small-cap electrical equipment manufacturer, has secured an exclusive technology partnership to manufacture medium voltage meters and sensors for the global market. The company will manufacture these products in India under the "Make in India" initiative, with Radio and Microelectronics Trading House (JSC "RiM ТD") as its collaborator.

The deal is expected to give Akanksha Power a significant boost in terms of production capacity and revenue growth. With this partnership, the company will be able to cater to the growing demand for medium voltage direct measurement meters and sensors in Asia, Africa, and Europe.

As news of the exclusive technology partnership spread, investors took notice, sending the stock soaring to a closing price of Rs 149.30 per share on the NSE, up over 170 per cent from its IPO price of Rs 55.

The company's shares have delivered an impressive return to shareholders, with a current market capitalization of Rs 276.48 crore. The revenue generated by Akanksha Power in FY24 was Rs 56.53 crore, a significant jump from the previous year's figure of Rs 46.09 crore.

Analysts believe that this partnership will play a crucial role in helping the company expand its global presence and increase its reach in the electrical equipment manufacturing sector.

The latest news on Akanksha Power has investors taking notice, making it a stock to watch out for in the coming days. However, it's essential to note that past performance is not a guarantee of future results, and potential investors should do their own research before making any investment decisions.