PNB shortlists Alankit Ltd as National Business Correspondent

Alankit Limited has entered into a project from Punjab National Bank related to request for proposal for Engagement of Corporate Business Correspondents for financial inclusion by providing banking services through Kiosks. In consideration of the roles and responsibilities, Alankit Limited shall be entitled to receive from Punjab National Bank substantial amount. Alankit believes that growth in Order Book position is a result of their track record of successful execution of projects, which has led to ability to successfully bid and win new projects. The growth of average size of new orders, together with our diversified business activities in the projects, the risks associated with any particular industry, while simultaneously helping us to benefit from the synergies of operating in diverse business sectors. Further, our track record of executing projects within the specified timelines has also helped us minimize cost overruns.

In view of healthy order book and huge investment taking place in investment projects in India, Alankit is confident that the accelerated growth will continue in years to come.

Shares of Alankit Limited was last trading in BSE at Rs. 15.75 as compared to the previous close of Rs. 15.5. The total number of shares traded during the day was 1164193 in over 743 trades.

The stock hit an intraday high of Rs. 16.15 and intraday low of 15.6. The net turnover during the day was Rs. 18392424.

Source : Equity Bulls

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