Multibagger stock below Rs 50: Investors should keep an eye on this small-cap stock which has got new orders!

Shares of the company have jumped more than 200 per cent in just six months.

Taylormade Renewables Ltd (TRL), has delivered multibagger returns to its shareholders in just 6 months. During this period, the company’s share price jumped from Rs 12.88 on July 18, 2022, to Rs 41.65 on January 17, 2023, an increase of about 220 per cent in 6 month holding period.

On January 17, 2023, the company informed in the exchange filing that it has got new work order worth Rs 11.46 crore (excluding GST) during the current financial year including a repeat work order for Rs 1.18 crore from an existing customer. The company also informed in the press release that it has developed innovative technologies for the treatment of hazardous wastewater treatment and making it a Zero Liquide Discharge.

In a short period, TRL has received work orders from various industries and executed its first export order worth Rs 2.22 crore. TRL also executed its first export order to Kenya for a 100 KLD TRL RAIN Plant in the current year and expects many more such work orders.

Today, the stock opened at Rs 43.70, with a high and low of Rs 43.70 and Rs 43.60. The stock is currently trading at Rs 43.70, up by 4.92 per cent. The stock has a 52-week high of Rs 45.45 and a 52-week low of Rs 8.75.