180 per cent in just six months: Company recently partnered with BSNL to deliver telecom solutions, stock hits upper circuit today!

The company's shares have delivered a multibagger return of around 40 per cent in just one month only.

SAR Televenture Limited is a provider of telecommunication solutions to telecom network operators, engaged in the installation and commissioning of 4G and 5G towers, optical fibre cable (OFC) systems, and network equipment. Today the company experienced a significant surge in its share price.

At the start of the day's trading session, the stock opened at Rs 297.70 per share, compared to the previous day's closing figure of Rs 267.95 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 294.70 per share on the NSE. The stock has reached the upper circuit price limit of 10 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. 

The company's current market capitalisation stands at Rs 442 crore, and the stock has generated multibagger return of around 187 per cent in the past six months.

In FY24 SAR Televenture Limited reported revenue of Rs 124 crore, representing a year-on-year growth of 282 per cent from Rs 32 crore last year. The company posted an operating profit of Rs 18 crore, compared to a profit of Rs 6 crore in last year. The company’s net profit stood at Rs 16 crore in FY24 representing a gain of 300 per cent YoY. According to the Quarterly Results, in Q4 FY24, the company's revenue surged by 238 per cent, reaching Rs 88 crore, while net profit skyrocketed by 300 per cent year over year.

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Recent Update:

The company has recently entered into a revenue-sharing agreement with Bharat Sanchar Nigam Limited (BSNL) to provide BSNL telecom services, including fixed, wireless, and broadband, to end users in Sonipat, Haryana (Urban). The agreement is valid for 10 years and can be renewed thereafter on similar or mutually agreed terms. The project scope includes constructing, expanding, and maintaining the Optical Fiber Cable (OFC) network within residential and commercial complexes, as well as establishing interconnections between buildings using OFC.

Investors must keep this Small-Cap multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.