Multibagger penny stock under Rs 40: This micro-cap company bags new orders worth Rs 33.20 crore!

Shares of the company gained more than 100 per cent in the last six months.

Jyoti Limited informed in the exchange filing that the company have received an order worth Rs 19.50 crores. The order is from JSIW Infrastructure Private Limited, Ahmedabad for the design, engineering, and supply of vertical turbine pump & HT motor sets including maintenance for the Saran pipeline project and Dantewada.

Earlier on August 11, 2023, the company bagged another order worth Rs 13.70 crore. The order is for the supply of high voltage (6.6 KV and 11 KV) switchgear panels along with bus duct, spares & conditioning monitoring system from Indian Oil Corporation Limited, Panipat.

Jyoti Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 10.42 on August 25, 2022, to Rs 35.93 on August 25, 2023, an increase of about 240 per cent in just one year holding period.

Jyoti Limited is an India-based engineering which provides products and services to clients in India and in the international market. The company offers its products to power (thermal, hydel and nuclear) generation, transmission and distribution, and agriculture, by providing irrigation through pumping systems, water supply and sewerage schemes, defence-particularly naval and marine establishments, and core industries, such as steel, cement, paper, sugar, fertilizers, chemicals and Petro-chemicals.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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