In a significant development for the IT hardware engineering sector, Danube industries ltd (BSE CODE: 540361), a leading company listed on the Bombay Stock Exchange (BSE), is on the verge of winning several substantial orders worth 125 Cr. These orders, expected to be finalized from clients in Dubai and Qatar, pertain to the supply, maintenance, and service of hardware devices. This achievement marks a major milestone for the company as it accelerates its expansion plans in both organic and inorganic avenues.
According to reliable internal sources, Danube industries ltd is not only eyeing substantial contracts but is also actively considering the acquisition of a prominent software company based in Dubai. This move underscores the company’s commitment to diversifying its business operations and establishing a stronger presence in the Middle Eastern market.
The stock performance of Danube industries ltd has garnered considerable attention in recent times. With a 52-week high price of 72 rs and a 52-week low of 12 rs, the current trading price of the stock is remarkably low, hovering around 18 rs. However, experts and analysts are optimistic about a swift turnaround, projecting that the stock may surpass its previous high and potentially reach 100 rs within a short span of six months. The anticipated surge in stock value can be attributed to the significant orders in the pipeline and the company’s ambitious expansion strategy.
Danube industries ltd has consistently demonstrated impressive sales and revenue growth, quarter after quarter and year over year. In the financial year 2021-22, the company’s sales stood at 30 Cr, a figure that has already been surpassed in the ongoing financial year 2022-23, with sales reaching 70 Cr. Buoyed by the positive trajectory, Danube industries ltd has set an ambitious sales target of 350 Cr for the upcoming financial year 2023-24, showcasing its confidence in sustained growth and market dominance.
Industry insiders believe that the company’s exceptional performance is a testament to its innovative solutions, robust engineering capabilities, and customer-centric approach. With the imminent acquisition of a software company in Dubai and the anticipated major orders from Dubai and Qatar, Danube industries ltd is poised to further strengthen its market position, augment its product offerings, and expand its customer base.
Commenting on the company’s future prospects, Mr. Rajesh Verma, the CEO of Danube industries ltd, expressed his optimism, stating, “We are thrilled about the upcoming orders from Dubai and Qatar, which reflect the trust our clients place in our hardware engineering capabilities. The acquisition of a software company in Dubai will enable us to offer comprehensive solutions and bolster our competitive edge in the market. We remain committed to delivering exceptional value to our stakeholders and are confident about achieving our targeted sales of 350 Cr in the next financial year.”
As Danube industries ltd embarks on its expansion journey, investors and shareholders eagerly await the outcomes of these major developments, with expectations of exponential growth and a significant surge in the company’s stock value.