Multibagger from its 52-week low: This civil construction company bags new order worth Rs 36 crore from Bharat Heavy Electricals Ltd (BHEL)
The stock gave multibagger returns of 175 per cent from its 52-week low of Rs 90.05 per share.
Today, shares of Atmastco Ltd plunged 2.31 per cent to Rs 247.10 per share from its previous closing of Rs 252.95 with an intraday high of Rs 265.55 and an intraday low of Rs 245.05. The stock’s 52-week high is Rs 303.10 and its 52-week low is Rs 90.05.
Atmastco Ltd has been informed that Bharat Heavy Electricals Limited (BHEL) has issued a letter of intent for the fabrication and supply of PG 35 Columns for the NTPC LARA Project through the OVM model, valued at Rs 36 crore. This is a one-time domestic contract with an execution deadline of December 2024.
Atmastco Ltd. is a multi-faceted company that operates in three main sectors: engineering, procurement, and construction (EPC), fabrication/manufacturing and defence. They specialize in providing turnkey solutions for projects in the ferrous and non-ferrous sectors, meaning they handle all aspects of the project from design to completion. Their EPC division offers multi-disciplinary services and project management, ensuring a smooth and efficient process for their clients.
Atmastco also has a well-established fabrication and manufacturing division. They design, manufacture, and supply precision equipment and heavy fabrication structures for various industries. These products include building components like girders, columns, and bracings, as well as pressure ducts and equipment for industrial use. Their client base is impressive, including big names like BHEL, Adani, Tata Steel and Vedanta. They operate two manufacturing facilities located in Durg district, Chhattisgarh.
Also Read: Vijay Kedia bought 24,00,000 shares & DII bought 16,88,963 shares and Promoter sold 5,83,227 shares of this multibagger civil construction stock; hit upper circuit & 52-week high
The company has a market cap of over Rs 600 crore. The shares of the company have an ROE of 30 per cent and an ROCE of 28 per cent. The stock gave multibagger returns of 175 per cent from its 52-week low of Rs 90.05 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.