Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; reports a 246 per cent increase in net sales!

Shares of the company gained more than 60 per cent in the last six months.

Shares of Taylormade Renewables Limited were locked in the upper circuit on Wednesday, gaining 5.00 per cent. The company has delivered impressive Half-yearly results. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit.

Taylormade Renewables Limited has reported results for the half-year ended September 30, 2023 (H1FY24). The revenue of the company for H1FY24 stood at Rs 26.11 crore which grew by 246.38 per cent YoY. The company's operating profit stood at Rs 9.71 crore, while the PAT of the company stood at Rs 8.05 crore, as compared Rs 0.07 crore for the same half year in the previous year.

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Shares of Taylormade Renewables Limited have given multibagger returns during the last one year. The shares of the company jumped from Rs 24.35 on November 16, 2022, to Rs 579.350 on November 15, 2023, an increase of about 2200 per cent in a one-year holding period.

Taylormade Renewables Limited is primarily engaged in providing renewable energy solutions. Their specialization is in manufacturing Solar Parabolic Concentrating Systems for steam generation used in steam cooking and other industrial applications, director in-direct heating, including solar air-conditioning, solar space heating, solar drying, solar wastewater evaporation and many more applications requiring thermal energy.

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.