Heavy buying: Back-to-back 52-week high in this small-cap multibagger stock; wins fresh orders from Domestic & International Market!
The stock is up by 36 per cent in just 5 trading sessions and generated multibagger returns of 240 per cent in just 1 year.
On Tuesday, shares of Skippers Ltd surged 10.74 per cent to make a new 52-week high of Rs 191.25 per share. At the closing bell, shares of the company ended the day in green, up 2.92 per cent to Rs 177.75 per share. The shares of the company are hitting back-to-back 52-week highs in recent trading sessions.
Recently, the company announced its accomplishment of securing cumulative orders wins totalling an impressive Rs 1,135 crore for the design, supply and construction of new transmission line projects for Powergrid Corporation as well as Tower and Pole export supplies to Latin America, Middle East and North Africa region.
Skipper Ltd is engaged in manufacturing and selling transmission & distribution structures and pipes & fittings. It also undertakes EPC projects in the infrastructure segment. The shares of the company saw a spurt in volume by more than 3.44 times on BSE.
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According to the financials, Skippers Ltd has a market cap of Rs 1,825 crore. The company reported positive numbers in its Quarterly Results and annual results. The net sales increased by 16 per cent to Rs 1,980 crore and net profit increased by 44 per cent to Rs 36 crore in FY23 over FY22.
The stock is up by 36 per cent in just 5 trading sessions and generated multibagger returns of 240 per cent in just 1 year. Investors should keep an eye on this stock.