Good News: This Multibagger SME stock has received its biggest ever work order; know more now!

These gains are recorded after the stock has corrected by nearly 16 per cent from its recent highs.

The shares of multibagger SME stock Jayant Infratech were seen locked in the lower circuit on September 14 trading session. Jayant Infratech shares have jumped higher by more than 421 per cent in just over two months. These gains are recorded after the stock has corrected by nearly 16 per cent from its recent highs. 

Jayant Infratech announced on bourses that it has received its biggest ever work order to date, worth Rs 54,24,99,025/- from M/s. ECI-SEEIPL(JV).  The company further informed that the order is received for the “Supply, Erection Testing and Commissioning of 25 kV, 50 Hz, Single Phase, Traction Overhead Equipment, Traction Substation, Switching Station and other associated works from chainage (-) 1.214 to chainage 105.000 & WCL siding, Chord line, Loop lines, bridges and more in connection with railway Electrification Work between Naghbir to Itwari section in Nagpur Division of Southeast Central Railway.” This contract is executable for over 300 days. 

The total market cap of Jayant Infratech is Rs 135 crore. For a company of this small size, the order size of more than 54 crores can be considered a positive trigger. The shares of Jayant Infratech have been hitting back-to-back lower circuits in the past few trading session. It will be interesting to see if the big work order received by the railway’s infrastructure company can revive the stock sentiment. 

Investors and traders are advised to keep this multibagger SME stock on the watchlist.