Small-cap stock below ₹20 jumps despite selling pressure in Indian stock market. Here's why

Small-cap stock below ₹20: Sepc share price jumped as much as 7.28 per cent in Wednesday's session despite selling pressure in the Indian stock market. The rally in the small-cap stock follows the company's announcement that its UAE-based subsidiary has bagged a contract order worth ₹75.6 crore.

At 12:05 pm, Sepc Ltd share price was trading at ₹15.32 apiece on the National Stock Exchange (NSE).

The company, in an exchange filing, said SEPC FZE, based in Sharjah, has secured an order from Lauren Engineers & Constructors Inc for the construction, supply, and installation of four steel tanks, each with a capacity of 45,000 litres.

The order is valued at approximately $8.9 million, or around ₹75.6 crore. The project is expected to be completed within 15 months.

“This is to inform you that SEPC FZE, Sharjah, UAE, our wholly owned subsidiary, has been awarded a contract by Lauren Engineers & Constructors INC for the construction, supply and installation of four units of 45,000 litter capacity steel tanks for a total consideration of USD 8.9 Million(Equivalent to INR 756 Million),” the company said.

SEPC Ltd share price movement

The small-cap stock Sepc Ltd touched an intraday high of ₹15.39 apiece on May 28. The shares have seen a significant rally of 11 per cent in the past one month.

The small-cap stock has delivered multibagger returns by soaring 113 per cent in five years. On a year-to-date (YTD) basis, the scrip has descended over 28 per cent, falling from ₹21.19 to the current market level.

Sepc Ltd share price hit a 52-week high of ₹31.53 in September 2024, however, it has fallen over 50 per cent since then.

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