Multibagger stock under Rs 100 with 600 per cent returns: This auto ancillary company receives order worth Rs 7,43,750 from Carraro India Private Ltd!

Multibagger stock under Rs 100 with 600 per cent returns: This auto ancillary company receives order worth Rs 7,43,750 from Carraro India Private Ltd!

Kiran Shroff
/ Categories: Trending, Multibaggers

Multibagger stock under Rs 100 with 600 per cent returns: This auto ancillary company receives order worth Rs 7,43,750 from Carraro India Private Ltd!

Kranti Industries Ltd informed that the company has received the purchase order (PO) worth Rs 7,43,750 from Carraro India Pvt Ltd. The order includes Carraro group's general purchasing conditions to supply 500 numbers on a sample basis subject to compliance with the quality requirement of “Suppliers Quality Manuals” STD 8- 00001 and the "Supplier PPAP Submission Matrix" STD 8-00002 by commodity. The order will be completed within 1 month from LOI.

Earlier, the company received a purchase order (PO) for the production of a beam trumpet to Carraro Drive tech Italia SPA. The order is worth Rs EURO 55,673.28 and will be completed within 2 months from LOI.

Additionally, the company received in-principal approval from BSE Limited on September 25, 2023, for 10,25,000 equity shares having a face value of Rs 10 each to be issued at a price not less than Rs 101 per share to non-promoters on a preferential basis.

Kranti Industries Limited produces and distributes metal products. The company offers axle, transmission, automotive, and other parts and components. Kranti Industries serves customers worldwide.

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Talking about the financials, Kranti Industries has a market cap of Rs 95 crore with a 3-year stock price CAGR of 90 per cent. In its Quarterly Results, the net sales increased by 6 per cent to Rs 25.87 crore and net profit decreased by 89 per cent to Rs 0.14 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales decreased by 0.44 per cent to Rs 93.24 crore however net profit skyrocketed by 135 per cent to Rs 5.22 crore in Q1FY24 compared to Q1FY23.

According to the shareholding pattern, the promoters of the company own a 74.34 per cent stake in the company and the rest 25.66 per cent stake is owned by the public with a total of 3,326 shareholders as of June 2023.

On Wednesday, shares of Kranti Industries Ltd plunged 1.67 per cent to Rs 89.94 per share with an intraday high of Rs 92.70 per share and an intraday low of Rs 89 per share.

The stock gave multibagger returns of over Rs 600 per cent in just 3 years whereas BSE Sensex Index is up by 77 per cent. 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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