Penny Stock under Rs 30: This Multibagger Electrical Equipment Stock Hits Upper Circuit; Bags New Order worth Rs 117.74 crore!

Shares of the company have gained more than 200 per cent in the last one year.

Shares of Jyoti Structures Limited were locked in upper circuit today, the stock gained about 5 per cent on Wednesday, while it closed with gains of 4.58 per cent. The stock has witnessed heavy buying activity from investors from the last few days. In the last one year, the stock has given multibagger returns of more than 200 per cent.

Recently, Jyoti Structures Limited has secured a contract from Adani Energy Solutions Limited (formerly Adani Transmission Ltd.) valued at Rs 117.74 crore for the construction and partial supply of a 765 kV D/C transmission line. This project, located in Gujarat under the Khavda Phase IV-Part A initiative, involves building approximately 111 kilometers of the KPSIII-AP44 transmission line. This win strengthens Jyoti Structures' position in the construction of high-voltage power transmission lines.

The company posted weak Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 128.96 crore which declined by 17.25 per cent YoY. The operating profit of the company stood at Rs 7.46 crore, while the PAT of the company stood at Rs 14.12 crore, which increased by 154.65 per cent YoY.

Jyoti Structures Limited is an engineering, procurement and construction (EPC) service provider. The Company is engaged in the business of setting up power transmission lines, sub-stations and distribution networks. It undertakes projects on a global scale, offering a range of services in design, engineering, tower testing, manufacturing, construction and project management.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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