900 per cent returns: This multibagger micro-cap stock bags new order worth Rs 896.99 Lakhs!

Shares of the company gained about 200 per cent in the last six months.

S & S Power Switchgear Limited informed in the exchange filing that the company has bagged a new order worth Rs 896.99 Lakhs. The order is received by the company’s wholly-owned subsidiary M/s. S&S Power Switchgear Equipment Limited for the sale of Isolators for the MP Intra state Transmission project.

S & S Power Switchgear Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 9.80 on October 22, 2020, to Rs 100.05 on October 20, 2023, an increase of more than 900 per cent in a three-year holding period.

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The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 36.07 crore which grew by 27 per cent YoY. The operating profit of the company stood at Rs 1.42 crore, while the PAT of the company stood at a loss of Rs 0.43 crore.

S&S Power Switchgear Limited is in the business of Transmission and distribution of Equipment industry, power sector-focused Switchgear, P&C Solutions and associated electrical systems, products, and services. The company is a part of the Power and T&D Equipment industry, focused on Switchgear, Protection and Control Systems, and associated products and services.

It's important to note that the stock is under ESM stage 2 and trading is allowed only on a periodic call auction basis.

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

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