Penny Stock under Rs 30: Company Bagged Order Worth Rs 42,72,558 from Ministry of Electronics and Information Technology

The company's shares have generated an impressive multibagger return of over 1700 per cent in the past three years.

As per the press release, SBC Exports Limited has been awarded a work order by the Ministry of Electronics and Information Technology for providing office support, project management support, and rollout services. SBC Exports Limited is an India-based company engaged in the trading and manufacturing of garments, manpower supply services, and tour operator services.

The total cost of the purchase order for this work amounts to Rs 42,72,558 (forty-two lakh seventy-two thousand five hundred fifty-eight rupees).

Also Read: This power generation equipment manufacturer secures orders from NTPC; The company manages 50 per cent of India's power flow with its equipment and software

Following the announcement of the order, shares of this Small-Cap company rallied around 2% today, reaching intraday highs of Rs 27.06 per share on the BSE. The shares commenced trading at Rs 26.99 per share, an increase compared to Tuesday's closing figure of Rs 26.59 per share. Throughout the intraday trading session, the stock fluctuated between highs and lows of Rs 27.06 and Rs 25.83, respectively. Finally, the stock closed at Rs 26.11 per share on the BSE.

The market capitalisation of the company stands at Rs 828.89 crore. Additionally, the stock has delivered an impressive multibagger return of around 88 per cent in the past year and 1751% in the past three years.

SBC Exports Limited is an India-based company engaged in the trading and manufacturing of garments, manpower supply services, and tour operator services. The company operates through two segments: IT Support Services and Garments Sales. It provides services related to website development, e-commerce development, mobile app development, search engine optimization, internet marketing, social media marketing, web hosting, bulk SMS, graphic design, and manpower supply. It produces wearing apparels for ladies, men, and kids, including a variety of t-shirts, denims, sweatshirts, trousers, jackets, and leggings. Its travel business provides a range of travel services through maujitrip.com. The manufacturing plants of the company are located at Mirzapur, Pargana Kantit, Uttar Pradesh. The company has not yet released its latest Quarterly Results so far.

Investors must keep this stock on their radar.