7,500 Per Cent Multibagger Returns: Machine Supplier Bags New Order Worth Rs 4,50,00,000 From KEC International Ltd
The stock gave multibagger returns of 370 per cent in 1 year, 3,500 per cent in 5 years and a whopping 7,500 per cent in 10 years.
Trishakti Industries Limited has successfully secured a substantial contract from KEC International Ltd. This contract entails the deployment of machines valued at Rs 4.50 crore to support KEC's ongoing project at Tata Steel's Ludhiana plant. This significant win underscores Trishakti's commitment to providing high-capacity equipment for large-scale infrastructure projects and solidifies its position in the sector. The Company anticipates a positive impact on its financial performance in the upcoming quarters as a result of this contract.
Earlier, the company has secured two substantial contracts totalling Rs 4 crore. The company won a contract from Jindal Stainless Limited for deploying machines worth Rs 2 crore to support their SMS and Blast Furnace project. Additionally, Trishakti secured a contract from ITD Cementation India Limited for the second phase of the Chennai Metro Project, involving machinery valued at Rs 2 crore. These contracts highlight Trishakti's commitment to providing high-capacity equipment for large-scale infrastructure projects and are expected to positively impact the company's financial performance in the upcoming quarters.
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Trishakti Industries Limited provides infrastructure and oil & gas exploration services. The company engages in multiple business sectors including logistics and infrastructure, oil and gas, food-related items, and agency services. Trishakti Industries serves customers worldwide.
The company has a market cap of Rs 215.56 crore with a 3-year stock price CAGR of 200 per cent. The stock gave multibagger returns of 370 per cent in 1 year, 3,500 per cent in 5 years and a whopping 7,500 per cent in 10 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.