Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; reports order book of Rs 411.50 crore!

Shares of the company have gained more than 450 per cent in the last six months.

Shares of Taylormade Renewables Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock has gained about 490 per cent in the last six months.

The company has a strong order book position of Rs 411.50 crores. The company has recently received multiple new orders.

The first order was from the public health & municipal engineering department, Government of Andhra Pradesh for the Remodeling of the existing water supply distribution pipeline and construction of ELSRs (4 Nos) with full SCADA including restoration of roads in Proddatur Municipality on a back-to-back basis bearing. The order is worth Rs 113.59 crores.

The second order is worth Rs 3.33 crores from Maharashtra Enviro Power Limited, to the supply install, erection and Comm. of TRL RAIN™ patented technology plant - 100KLD Evaporation system.

The third order is worth Rs 159.22 crore from the public health & municipal engineering department, Government of Andhra Pradesh for providing a stormwater drainage network, improvement of outfalls & construction of a sewage treatment plant.

Taylormade Renewables Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 12.87 on August 23, 2022, to Rs 652.20 on August 14, 2023, an increase of about 5,220 per cent in one year holding period.

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