500 per cent returns: This multibagger micro-cap stock bags large order from Tejas Networks worth Rs 608 lakhs!

Shares of the company gained more than 70 per cent in the last six months.

Valiant Communications Limited has received an order from Tejas Networks Limited, a Tata Group company, to supply its indigenously developed and manufactured communication, protection and synchronization solutions as part of an international contract awarded by Bhutan Power System Operator (BPSO) to Tejas.

This order is a significant breakthrough for Valiant in the overseas market and further strengthens its decade-long relationship with Tejas. The two companies have also partnered for power utility overseas markets for multi-year contracts, given the global reach of the Tata Group.

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In addition to the overseas order, Tejas has also issued additional orders for the Indian utility market, bringing the total value of orders to Rs 608 lakhs.

The company posted positive Quarterly Results in Q1FY24. The revenue of the company for Q1FY24 stood at Rs 9.66 crore which increased by 84.42 per cent YoY. The company's operating profit stood at Rs 1.77 crore, while the PAT of the company stood at Rs 0.90 crore, which was at a loss of Rs 0.31 crore last year same quarter.

Valiant is a manufacturer and exporter of a wide range of communications, transmission, protection, synchronization and cyber security products. It is an approved manufacturer to some of the major power utilities including Power Grid Corporation (India) and various National and State Electricity Boards.

The shares of the company have gained about 500 per cent in the last three years and investors should keep a close eye on this stock.

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