Multibagger aerospace & defence company bags new order worth Rs 14,47,80,000 from Bharat Electronics Ltd

The stock gave multibagger returns of 220 per cent in just 1 year and a whopping 2,250 per cent in 5 years.

Taneja Aerospace and Aviation Limited (TAAL) secured a domestic service order worth Rs 14,47,80,000 from Bharat Electronics Ltd, a Government of India Enterprise located in Hyderabad. The contract involves modifying and installing the SARANG system on twelve Kamov-31 helicopters and needs to be completed within the next three years, by June 30, 2027.

Taneja Aerospace & Aviation Ltd, a Pune-based company established in 1994 within the Indian Seamless Group, manufactures and sells parts for the aviation industry. Notably, they were the first private Indian company to make general aviation aircraft (non-military). Taneja Aerospace also provides airfield and maintenance, repair, and overhaul (MRO) services through a collaboration with Air Works India, allowing them to maintain commercial aircraft at their private airfield.

Today, shares of Taneja Aerospace & Aviation Ltd gained 7.91 per cent to Rs 644.50 per share from its previous closing of Rs 597.55 per share. The stock’s 52-week high is Rs 655 and its 52-week low is Rs 185.25.

Also Read: 3:1 Bonus Share: Suzlon’s peer company turns debt-free with infusion of Rs 900 crore by promoter; details inside

The company has a market cap of over Rs 1,600 crore and reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24). The company's shares have a PE of 137x, an ROE of 10 per cent and an ROCE of 13 per cent. The stock gave multibagger returns of 220 per cent in just 1 year and a whopping 2,250 per cent in 5 years. Investors should keep an eye on this aerospace & defence stock.

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