Heavy Buying: Power Transformer Stock Rallied 5 Per cent and Hits Upper Circuit - Recently Secured Order Worth Rs 26,00,00,000!

Heavy Buying: Power Transformer Stock Rallied 5 Per cent and Hits Upper Circuit - Recently Secured Order Worth Rs 26,00,00,000!

Rakesh Deshmukh

The company’s shares have delivered an impressive multibagger return of over 285 per cent to its shareholders.

Today, the stock of this Small-Cap power transformer company rallied 5 per cent in the morning session and hit the upper circuit on the NSE with significant trading volumes.

On September 19, 2024, the company received a significant domestic order worth Rs 26 crore from a solar energy company to manufacture and supply transformers. The order includes:

  • 10 Units of 6 MVA, 800V/33KV Transformers
  • 2 Units of 25/31.5 MVA, 110/33KV Transformers
  • 110 KV Switch Yard Construction, Installation, and Commissioning

The contract is set to be executed within approximately 5 months.

Currently, the shares of Supreme Power Equipment Ltd are at around Rs 242 per share on the NSE. The company’s current market capitalization stands at Rs 604.79 crore. Additionally, the shares have delivered an impressive multibagger return of over 285 per cent compared to the final IPO price of Rs 65 each.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Read Rs 1,35,000 Crore Order Book: LIC-backed PSU Heavy Electricals Equipment Company Bags Order Worth Rs 6,100 Crore from NTPC!

The company doesn’t declare Quarterly Results, as per the half-yearly results in June FY24, Supreme Power Equipment Ltd recorded a revenue of Rs 25.45 crore compared to Rs 22.90 crore. The operating profit stood at Rs 4.24 crore. The net profit stood at Rs 3.40 crore compared to a profit of Rs 2.71 crore. Looking at the annual performance, the company generated a revenue of Rs 107 crore in FY24. The operating profit for FY24 was Rs 17 crore with an operating profit margin of 16 per cent and a net profit of Rs 14 crore.

Incorporated in 1994, Supreme Power Equipment Ltd is engaged in the manufacturing, upgrading, and renovation of various types of transformers, including power transformers, generator transformers, and windmill transformers.

Check out my recent article here.

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

Previous Article Penny stock under Re 1 locked in the upper circuit on September 23 as shares traded ex-stock split
Next Article From Rs 31.02 to Rs 2,067.75 per share: Debt-Free Multibagger Stock Hit Back-to-Back Upper Circuits & 52-Week Highs; Here’s Why
Rate this article:
4.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR