249 per cent in just 1 year: This multibagger micro-cap company receives order worth Rs 9,25,23,940 for first bullet train project in India
The stock gave multibagger returns of 249 per cent in just 1 year.
Tara Chand InfraLogistic Solutions Limited has received the appreciation letter from its esteemed client, M/s MG Contractors Private Limited who are executing the entire works for Packages 1B and 1C of the bullet train project under contract with National High Speed Rail Corporation Limited. The company has been appreciated for the successful execution of the challenging piling work at the first bullet train project, i.e. Mumbai-Ahmedabad High-Speed Rail Project of India. The company has completed the total piling works amounting to Rs 9,25,23,940, spread across two packages i.e. Package 1B and Package 1C of the first bullet train project in India.
Tara Chand Infralogistic Solutions Limited is engaged in infrastructure construction projects and warehousing & transportation of steel. It has a fleet of large cranes, hydraulic piling rigs and concrete equipment.
According to the financials, the company has a market cap of Rs 452 crore with a 3-year stock price CAGR of 81 per cent. In its Quarterly Results, the net sales increased by 20.3 per cent to Rs 44.36 crore and net profit increased by 10.6 per cent to Rs 3.35 crore in Q3FY24 compared to Q3FY23. In FY23, the net sales increased by 10 per cent to Rs 141.06 crore and net profit increased by 295 per cent to Rs 9.36 crore compared to FY22.
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On Friday, shares of Tara Chand InfraLogistic Solutions Limited gained 0.13 per cent to Rs 320 per share with an intraday high of Rs 327 and an intraday low of Rs 303.65. As of February 01, 2024, the company order book stands at Rs 36 crore. The stock gave multibagger returns of 249 per cent in just 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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