650 per cent returns: This multibagger pumps manufacturing company receives on order worth Rs 3.63 crore from Grasim Industries Limited!
The stock is up by 45 per cent in 1 year, 210 per cent in 2 years and over 650 per cent returns in 3 years.
Roto Pumps Ltd, the pioneer manufacturer of progressive cavity pumps in India, informed that the company have received an order worth Rs 3.63 crore from Grasim Industries Limited. The order includes designing, engineering, supply of screw pumps along with supervision support. Additionally, the supply of the order will be done by the end of the current financial year.
On Friday, shares of Roto Pumps surged 1.08 per cent to Rs 328.05 per share from its previous closing of Rs 324.55. The stock traded at an intraday high of Rs 333.90 and an intraday low of Rs 326.
Roto Pumps is a well-known company that provides efficient and reliable pumping solutions to a variety of industries like marine & defence, wastewater, renewable energy, mining, etc. The company exports to over 50 countries.
Talking about the finances, the company is a Small-Cap having a market cap of over Rs 1,000 crore and reported positive numbers in its Quarterly Results and annual results. In addition, the company has issued bonus shares in a 1:1 ratio and declared a dividend of Rs 3.15 per share. The ex-dates for bonus shares and dividend were July 07, 2023.
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The shares of the company have a ROE of 22.30 per cent and a ROCE of 25.40 per cent. The stock is up by 45 per cent in 1 year, 210 per cent in 2 years and over 650 per cent returns in 3 years. Investors should keep an eye on this multibagger pump manufacturing company’s stock.
Disclaimer: The article is for informational purposes only and not investment advice.