Multibagger stock under Rs 100: This micro-cap company acquires 2,620.85 Sq. Mtrs. plots in Rajkot, Gujarat!

The stock is up by 70 per cent in just 3 months and gave multibagger returns of 227 per cent in 6 months.

Rajoo Engineering Ltd. informed that the company has acquired a total of 2,620.85 sq. ft plots in Rajkot, Gujarat. Here are the details:

1) Admeasuring 893.36 Sq. Mtrs. located at Plot No. 10 of Revenue Survey No. 210 situated at Industrial Area, Vill: Veraval, Tal. Kotda Sangani, Dist: Rajkot in the State of Gujarat.

2) Admeasuring 598.82 Sq. Mtrs. located at Sub-plot No. 11+12/A of Plots Paiki Plot No. 11 and 12 of Revenue Survey No. 210 situated at Industrial Area, Vill: Veraval, Tal. Kotda Sangani, Dist: Rajkot in the State of Gujarat.

3) Admeasuring 1,128.67 Sq. Mtrs. located at Sub-plot No. 11+12/B of Plots Paiki Plot No. 11 and 12 of Revenue Survey No. 210 situated at Industrial Area, Vill: Veraval, Tal. Kotda Sangani, Dist: Rajkot in the State of Gujarat

On Thursday, shares of Rajoo Engineering zoomed 0.07 per cent to Rs 85.56 per share from its previous closing of Rs 85.50 per share. The stock also made a new 52-week high of Rs 85.56.

Previously, the company has received an order from an international entity (Europe) for the supply of an extrusion machine. The order is worth Rs 31 crore and will be completed in 12 months from LOI.

Rajoo Engineers Limited manufactures plastic-extrusion machinery in Gujarat. The company designs and manufactures machines and offers customised solutions as per customers’ requirements.

The company reported positive numbers in its Quarterly Results and annual results. The company is almost debt-free and its current debt is just 1.52 crore which is just 0.30 per cent of its market cap of Rs 526 crore.

The stock is up by 70 per cent in just 3 months and gave multibagger returns of 227 per cent in 6 months. Investors should keep an eye on this micro-cap stock.

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