Heavy Buying: Multibagger micro-cap stock hit upper circuit after the company announced its strategic entry into smart meters segment!

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 532 per share and a whopping 375 per cent in 2 years.

Today, one of the Top Gainers on BSE, shares of CWD Ltd hit 20 per cent upper circuit to Rs 1,078.80 per cent from its previous closing of Rs 899 per share. At the closing bell, shares of the company were trading at Rs 960 per share, up 6.8 per cent with a spurt in volume by more than 4 times on BSE.

The sudden rise in the stock price is due to the company announcing a strategic entry into the smart meters segment with a ground-breaking communication solution designed to operate on the 2.4GHz frequency. CWD Limited is making waves in the Indian smart meter market with its cost-effective and accessible solution. Recognizing the unique challenges of the region, they've crafted a technology that's not just cutting-edge, but also practical for widespread adoption. With an estimated 250 million meters needing replacement by 2027, CWD Limited is well-positioned to take a sizable chunk of the market.

The key to their success lies in simplicity. Their user-friendly design makes installation a breeze for both consumers and service providers, a crucial factor in a dynamic market like India. This seamless integration is paramount for a smooth transition to smart metering, a move highly valued by the Indian government and consumers alike.

To further amplify its reach, CWD Limited has strategically partnered with a leading smart meter manufacturer. This collaboration not only bolsters their credibility but also paves the way for mass scalability. With over 100,000 successful installations under its belt, CWD Limited has already proven the reliability and effectiveness of its solution in real-world scenarios.

With this strategic alliance and a proven track record, CWD Limited is poised to become a major player in India's smart meter revolution. Their focus on affordability, ease of use, and real-world effectiveness makes them a perfect fit for the diverse needs of the Indian market.

Sector Overview: India's booming urban and rural areas are creating a massive need for smart meters. Government initiatives like National Smart Grid and Smart Cities Missions are fuelling this demand, with projections highlighting a potential market size of USD 3.3 billion by 2031. CWD Limited, armed with its innovative 2.4GHz communication solution, is ready to grab a piece of this pie thanks to its focus on affordability and made-in-India innovation.

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 532 per share and a whopping 375 per cent in 2 years. Investors should keep an eye on this micro-cap stock.

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