Heavy buying and Rs 2,235 crore order book: Back-to-back upper circuit in this multibagger stock; Vijay Kedia owns 2.49 per cent stake!

Shares of the company gained more than 50 per cent in the last six months.

Shares of Om Infra Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained more than 50 per cent. The stock also made a fresh 52-week high on Monday.

Shares of Om Infra Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 52.75 on June 20, 2023, to Rs 215.50 on July 29, 2024, an increase of about 300 per cent in a one-year holding period. Ace investor Vijay Kedia owns a 2.49 per cent stake in the company.

The company posted weak Quarterly Results. The company’s management is expecting to add Rs 500 crores - Rs 1,000 crores of new orders in the current financial year. And the management’s focus remains on hydro-mechanical projects, pump storage projects, and river interlinking projects.

Om Infra Limited, is the flagship company of the Om Kothari Group, which is engaged in diversified activities including turnkey solution for hydro mechanical equipment for hydro power & irrigation projects, Jal-Jeevan Mission projects, real estate development and civil construction. The company has its main fabrication unit for hydro mechanical division in Kota, Rajasthan. It's total fabrication capacity is 15,000 Metric Tonnes Per Annum (MTPA) with unit based out of Kota, Rajasthan. The company has an order book of Rs 2,235 crore.

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.