Multibagger from its 52-week low: This small-cap company receives order worth Rs 145 crore!

The stock gave multibagger returns of 3,275 per cent from its 52-week low of Rs 8.75 per share.

On Thursday, shares of Taylormade Renewables were locked in 5 per cent upper circuit to Rs 295.35 per share from its previous closing of Rs 281.30. The stock traded at a new 52-week high of Rs 295.35 per share. In the recent trading sessions, the stock hits back-to-back upper circuits and 52-week highs.  

Taylormade Renewables announced that it has received a work order for TRL RAIN Technology Plants worth Rs 145 crores from HWM Environment Private Limited. The work order is for setting up common effluent treatment facilities for treatment of hazardous concentrated streams from various industries in GIDC’s of Chhatral, Tarapur and Panoli in Gujarat. 

Additionally, due to unavoidable circumstances meeting of the Board of Directors of the Company is rescheduled on Friday, April 21, 2023, interalia:  

1) To consider issuance of shares on preferential basis, subject to such regulatory/statutory approvals as may be required, including approval of the shareholders of the company. 

2) Any other agenda with the permission of chair. 

Taylormade Renewables is a company that provides renewable energy solutions. The company has developed cutting-edge technologies for hazardous wastewater treatment and zero liquid discharge. 

According to the finance, Taylormade Renewables company has a market cap of over Rs 290 crore with 1-year CAGR of 2,052 per cent. As of March 2023, the company's shareholding pattern is promotors holding a maximum stake of 63.02 and the general public owning 36.98 per cent. 

The stock gave multibagger returns of 3,275 per cent from its 52-week low of Rs 8.75 per share. Investors should keep an eye on this Small-Cap company.