Multibagger penny stock under Rs 30 to keep under radar as company bags order worth Rs 7,53,36,217 from Himachal Pradesh State Electricity Board (HPSEB)
The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 5.47 per share.
On Friday, shares of Sharika Enterprises Ltd hit a 5 per cent lower circuit to Rs 22.23 per share from its previous closing of Rs 23.39. The stock’s 52-week high of Rs 32.48 and its 52-week low is Rs 5.47. The company has a market cap of Rs 96.26 crore.
Sharika Enterprises Limited (SEL), a distinguished leader in the Power Sector, has been awarded a significant contract by the Himachal Pradesh State Electricity Board (HPSEB). The contract, valued at Rs 7,53,36,217, underscores the company's growing reputation for excellence in the power sector.
The scope of this project includes the design, engineering, supply, installation, testing, and commissioning of 22Kv Gas-insulated switchgear (GIS) and 22/6.6Kv power transformers of 10 MVA and 6.3 MVA Capacity for SOP (Supply of Power) to LWSS (Lift water supply scheme) Shimla Town by (SJPNL) (Shimla Jal Prabandhan Nigam limited) Stage 1st at Shakrori, Stage 2nd at Dwada under ED Sunni and Stage 3rd at Dummi under ED No-1, HPSEBL Shimla.
This project is critical to enhancing the reliability and efficiency of the electricity supply for the Shimla Town Water Supply Scheme, a key infrastructure project in the region. The completion of these sub-stations will play a vital role in supporting the continued growth and development of the Shimla region.
Sharika Enterprises has a proven track record of successful project execution in the power sector, with a focus on innovation, quality, and sustainability. It aims to set new benchmarks in the industry and contribute to the sustainable development of the regions it serves. Sharika Enterprises remains committed to offering cutting-edge solutions. The company gives utmost priority to customer satisfaction and so, it continually invests in new technologies.
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About Sharika Enterprises Ltd
Sharika Enterprises Ltd., boasting a rich legacy of decades in the power sector with expertise in transmission and distribution, is committed to driving innovation and ushering in a transformative era in the industry. Their visionary goal is to evolve the sector into a futuristic 'Smart Grid,' harnessing state-of-the-art technologies and sustainable solutions. The company has also made remarkable strides in the solar power sector. Actively collaborating with governmental bodies, PSUs, schools, private sectors, and more, Sharika Enterprises has successfully implemented a large number of solar PV projects in the last 4-5 years. Their portfolio includes a range of pioneering solar solutions such as Grid-connected solar PV Systems, Off-Grid Solutions, Hybrid Solutions with Battery Backup, Battery Energy Storage Systems, EV Charging Systems, Micro Grids, Real-Time Monitoring of solar Plants and Solar Street Lights.
The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 5.47 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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