Multibagger from its 52-week low: This micro-cap company bags new orders worth Rs 29,89,000 from J. Kumar Infraprojects Ltd & Sun Pharmaceutical Medicare Ltd!

The stock gave multibagger returns of 148.57 per cent from its 52-week low of Rs 78.85 per share.

Last Mile Enterprises Ltd (formerly known as Trans Financial Resources Limited) informed that the company bags new orders worth Rs 29,89,000 from various clients. Here are the details:

Order No – 1: The company received an order worth Rs 18,12,000 from J. Kumar lnfraprojects Limited (JKIL). The order includes application of sunbless multifunctional coat to seal gaps and prevent formation of cracks, prevention of leakages and seepages of water on Mumbai Metro Line 02A Package ACO2. The order is applicable until its cancelled.

Order No – 2: The company received an order worth Rs 11,77,000 from Sun Pharmaceutical Medicare Limited (SPML). The order includes proper surfacing, providing and applying sun bless coating to achieve energy saving and temperature reduction on concrete/RCC surfaces. The order is applicable until its cancelled.

Last Mile Enterprises Ltd, a construction and engineering company, was founded in 1994. It was formerly known as Trans Financial Resources Limited, but changed its name on August 1, 2022. Earlier, the company was into the business of trading
and investing in shares & securities. The company has a market cap of over Rs 250 crore.

The company's board of directors will meet on Friday, November 10, 2023 to consider and approve the unaudited financial results for the quarter ended September 30, 2023, as required by regulation.

The shares of the company have an ROE of 35 per cent and an ROCE of 32.8 per cent. The stock gave multibagger returns of 148.57 per cent from its 52-week low of Rs 78.85 per share. Investors should keep an eye on this micro-cap stock.

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