Small-cap stock under ₹20: Telecom share jumps up to 7% after amalgamation move
Live MintStock Market Today: Small-cap stock under ₹20 Salasar Techno Engineering share price gained up to 7% in the morning trade on Thursday, December 26 after the telecom company announced that its board will consider amalgamating Hill View Infrabuild with itself at a meeting next week. Salasar Techno Engineering share price has risen 1,270% over the last five years, having given multibagger returns to investors. Salasar Techno Engineering in its release on the exchanges on Wednesday, December 25, said that the meeting of Board of Directors of Salasar Techno Engineering Limited is scheduled to be held on Monday, December 30, 2024, at 05:00 P.M. at its registered office, to consider and approve, the proposed amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited. Earnings Snapshot During the quarter ended September 2024 Salasar Techno Engineering generated ₹281.49 crore in revenue from sales, while its total revenue came to ₹283.22 crore.