700 per cent returns: This micro-cap multibagger stock bags new order worth Rs 53 lakhs from Larsen & Toubro!

Shares of the company have gained more than 120 per cent in the last six months.

On September 15, 2023, Alfa Transformers Limited informed in the exchange filing that the company has bagged an order worth Rs 53 lakhs from Larsen & Toubro Limited, ECC division for the supply of transformers to PGI Capital Hospital, Bhubaneswar.

Shares of Alfa Transformers Limited have also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 6.94 on September 15, 2022, to Rs 56.59 on September 15, 2023, an increase of about 710 per cent in one year holding period.

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 12.38 crore which grew by 256.24 per cent YoY. The operating profit of the company stood at Rs 1.79 crore, while the PAT of the company stood at Rs 1.23 crore, representing a growth of 360 per cent YoY.

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Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work. The company has two manufacturing units located in Bhubaneswar and Vadodara.

Today, the stock opened at Rs 56.59, with a high and low of Rs 56.59 and Rs 56.59. The stock closed trading at Rs 56.59, down by 1.99 per cent. The stock has a 52-week high of Rs 60.11 and a 52-low of Rs 6.43.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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