ALVES Shares Why Are They Rising? Important Developments

Reason for the Increase in ALVES Shares

Alves Kablo (ALVES) shares have shown a remarkable increase in recent days. The company has managed to attract investors' attention with contract invitations it received under three separate tenders. These developments have led to an increase of over 7% in ALVES shares during the day.

Contract Invitations and Amounts

Alves Kablo announced through the Public Disclosure Platform (KAP) that it has won tenders conducted under the "Cable AG Frame Sub-purchase." In this context, the company received contract invitations worth 217.74 million TL + VAT and 225.16 million TL + VAT from Başkent Elektrik. Additionally, it received an extra contract invitation worth 246.76 million TL + VAT from Toroslar Elektrik. In total, Alves has secured an important portfolio worth 689.66 million TL.

Market Reaction

Following these developments that attracted investors' attention, ALVES shares recorded an increase of up to 7.5% during the day, while as of 14:24, it was trading at 25.90 TL with a 5.54% increase. The contracts won by the company have the potential to positively influence future revenue expectations. Furthermore, these tender successes strengthen Alves Kablo's positive perception in the market.

It should be noted that the information here does not constitute investment advice.