Rs 180 to Rs 1250: Shares of this micro-cap company have become 7x in just 8 months!

This company’s share price has grown exponentially by 594 per cent since its listing 8 months ago!

The shares of CWD Limited (CWD), an Information and Communication Technology company, have delivered multibagger returns to its investors. 

Listed in Oct 2021, this company is one of the top-performing multibaggers of this year. Its share price has grown exponentially by 594 per cent since its listing 8 months ago! 

In contrast, the frontline index S&P BSE Sensex lost 9.73 per cent during the same period. 

What does this company do? 

CWD Limited designs, develops and sells Integrated Solutions combining the power of Software and Electronics. The company’s products are focused on wireless technologies either for short- or long-range communications. CWD operates mainly through the segments of Consumer Electronics and Design and Development of Technology Solutions for various Enterprises and Businesses.  

The company’s product portfolio includes:  

SmartTemp+: This is an ultralight weight (7 gm) device that can be easily placed on the axial part of the human body and activated to receive instant temperature. The device is equipped with advanced clinical-grade sensors and wireless technology that provides continuous, accurate body temperature. 

What problem does this product solve? 

An increase in body temperature has been the primary indicator for many underlying infections and health issues. While conventional devices like mercury or digital thermometers provide only instantaneous temperatures, SmartTemp+, which is equipped with advanced clinical-grade sensors and wireless technology provides continuous, accurate body temperature. 

Apart from this, the company also offers various Bluetooth Low Energy (BLE) Modules. For instance, the CBTMN10 module supports rich software APIs that can be used to develop end-customer applications. Supporting both Android and iPhone, the SDK provides capabilities such as scanning for beacons (iBeacons, Eddystone URL/UID, Eddystone TLM) and encoded BLE communication.  

Looking at the company’s financial performance, in H2FY22, on a consolidated basis, the top line has grown nearly 7x whereas the PAT has grown nearly 5.5x.  

At 3.14 pm, the shares of the company were trading at Rs1,220 apiece. Its 52-week high & low stand at Rs 1,440 & Rs 180, respectively.