Monte Carlo Fashions share price rose 3 percent in the early trade on December 24 following the company received multiple Letter of Award (LOA) from Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL).
At 09:17am, Monte Carlo Fashions was quoting at Rs 744.30, up Rs 21.60, or 2.99 percent, on the BSE.
The contract is for solar PV based power plants (SPP) for solar photovoltaic power generating stations for an aggregate capacity of 35 MW (AC) under the Surya Mitra Krishi Feeders Scheme - PM KUSUM-C, for setting up grid-connected solar power projects at one district in the state of Madhya Pradesh.
The broad consideration of the contract is approximately Rs 147 crore.
The contract is to be executed in 18 months with 25 years of operational period.
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In the previous trading session, the share closed at Rs 722.70, down Rs 5.20, or 0.71 percent.
The share touched a 52-week high of Rs 924.95 and a 52-week low of Rs 507.40 on 24 December, 2024 and 04 March, 2025, respectively.
Currently, the stock is trading 21.87 percent below its 52-week high and 42.43 percent above its 52-week low.
The market capitalisation of the company stands at Rs 1,498.31 crore.
The company share price rose 23 percent in the last six months.
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