A lesser-known name, saw its share price surge 4.4 per cent, closing at Rs 0.96 per share on the BSE. Stock Below Re 1 Outperforms Suzlon by 86 per cent: This Multibagger Penny Stock Trades at a Low PE and boasts an impressive return on capital employed (ROCE) of 438 per cent.

According to a CRISIL report, the company was ranked third in operating revenue from the PEB business in FY23 among integrated PEB players in India.

The stock gave multibagger returns of 300 per cent in 1 year and a whopping 1,900 per cent in 5 years.

The company announced that it has partnered with Indigrid to collaboratively undertake development of two of the IndiGrid’s greenfield Interstate Transmission System (ISTS) projects and signed the Securities Subscription Cum Shareholders Agreement (“SSSHA"). Under this partnership, Techno Electric will co-develop and invest in IndiGrid’s two ISTS projects i.e. Ishanagar Power Transmission Limited (IPTL) and Dhule Power Transmission Limited (DPTL). Techno will invest minority capital and will also be responsible for the complete execution of the projects on a Lump Sum Turnkey (LSTK) basis.

The stock also made a fresh 52-week high of Rs 2,812 per share and gave multibagger returns of 154 per cent from its 52-week low of Rs 1,107.35 per share. 

On Friday, the shares of this company surged 1.58 per cent. The share has a 52-week high and low of Rs 8.66 and 1.58 respectively. The share opened at Rs 3.87 and touched intraday highs and lows of Rs 3.90 and 3.81 respectively. The company has a market cap of Rs 48.2 crore.

The company’s shares have delivered an impressive return of around 590 per cent to its shareholders.

The shares of the company have a PE of 7x and an ROE of 22 per cent.