This small-cap electronics company wins order worth Rs 7.68 crore!

The company is located in Mumbai; the Research and Manufacturing Center employs more than 160 people and has activities both in India and abroad.

About the Order

The Medical Health and Family Welfare Department of Uttar Pradesh, a State PSU, has issued a purchase order (PO) to Maestros Electronics & Telecommunication System (METSL) for the supply of 1,362 units of the product METSL 1 channels TFT preconfigured / Non-modular multipara monitor - Low End. The deal would cost Rs 7.68 crore. The directive must be carried out by May 13, 2023. 

Price Action of Maestros Electronics & Telecommunications Systems Limited     
Scrip opened today at Rs 48.89 and touched its day high at Rs 48.89 after the surge.  Last one week high and low of the scrip stood at Rs. 49.72 and Rs. 44.10 respectively. Its 52-week high stood at Rs 72.40 whereas its 52-week low was Rs 40.10. Promoters hold 55.52%, whereas institutional and non-institutional holdings are 0.20% and 44.28 per cent, respectively. Presently, the market cap of the company is Rs 24.80 crore.

Company profile 

Maestros Electronics & Telecommunications Systems is a cutting-edge young company with headquarters in India and is listed on the BSE. It has over 20 years of experience in design, development, and manufacturing, and it focuses on developing products and services for financial inclusion, gynaecology, critical care patients, and disease management in medicine with a wealth of experience in the most recent technologies and communication. Located in Mumbai, the Research and Manufacturing Center employs more than 160 people and has activities both in India and abroad. The company's primary business sectors include the production of medical devices, telemedicine and healthcare solutions, and business automation (Banking and Microfinance, financial inclusion, and PDS automation).