650 per cent returns & Rs 837 crore order book: This multibagger engineering company receives new orders worth Rs 44 crore!
The stock gave multibagger returns of over 650 per cent in just 3 years.
Jash Engineering Ltd informed that in the month of September 2023, the consolidated orders received by the company are worth Rs 44 crore out of which orders worth Rs 19 crore are for the Indian market and orders worth Rs 25 Cr are for markets outside India.
The significant contributors to the monthly order booking of September 2023 are Suez India, Mumbai and Larsen & Toubro Ltd, Chennai from India whereas North Field East Technip, USA, BSA Adder, USA and MSD Floodwall, USA from the international market.
As of October 01, 2023, the total consolidated order book position of the company is Rs 837 crore out of which orders worth Rs 240 crore are for the Indian market and orders worth Rs 597 crore are for markets outside India.
As of October 01, 2023, consolidated orders worth Rs 29 crore have been negotiated with clients and formal purchase orders are awaited. Out of this Rs 16 crore are for the Indian market and Rs 13 crore are for projects outside India.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Jash Engineering manufactures equipment for water, wastewater, desalination, stormwater, hydropower, power, steel, cement, paper, petrochemicals, chemicals, fertilizers, and other process plants.
According to the financials, Jash Engineering has a market cap of Rs 1,750 crore. The company reported positive numbers in its Quarterly Results and annual results.
On Wednesday, shares of Jash Engineering surged 1.02 per cent to an intraday high of Rs 1,500 per share. At the closing bell, shares of the company were trading at Rs 1,460 per share, down 1.65 per cent.
The stock gave multibagger returns of over 650 per cent in just 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.