Multibagger from its 52-week low: Shares of this company were locked in the upper circuit after bagging a huge project!

The stock has given multibagger returns of 154.67 per cent from its 52-week low of Rs 18.66 per share.

Today, one of the gainers on BSE, shares of Edvenswa Enterprises Ltd, surged to Rs 47.52 per share after being locked in a 5 per cent upper circuit.

The stock has given multibagger returns of 154.67 per cent from its 52-week low of Rs 18.66 per share.

Recently, the company (formerly known as KLK Electrical Limited (BSE: 517170) announces receipt of a new project in strategic Robotic Process Automation (RPA) space with a Big Four Consulting Company by its wholly owned subsidiary Edvenswa Tech Inc, in the United States. 

Edvenswa Enterprises Limited (EEL) has started a focused initiative to capitalize on the growing demand in organizations worldwide to transform the way workforce productivity is enhanced by augmenting it with the digital workforce (Robotic Process Agents) bolstered with AI and also physical Robots to increase ground productivity. 

Edvenswa Enterprises Limited design, develop and maintain software systems and solutions. The company offers information technology solutions to companies across sectors such as healthcare and life sciences, supply chain and logistics, banking and financial services, energy, education, and the environment. 

According to the financials, the company has a market cap of Rs 86.30 crore and reported excellent Quarterly Results and annual results. The shares of the company also saw a spurt in volume by more than 2.46 times on BSE. 

Investors should keep an eye on this multibagger micro-cap stock.