Rs 3,400 Crore Order Book: Multibagger Power Generation Company Bags Rs 7,66,70,000 Order from MRPL, Stock Gains 250 per cent in Just 1 Year
FIIs increased their stake and the company's shares have delivered an impressive return of around 250 per cent to their shareholders in just one year.
GE Power India Limited is engaged in the business of engineering, procurement, and construction (EPC) of key equipment for thermal and hydropower plants. It is one of the leading players in the Indian power generation equipment market. The company has announced the significant order received by the company.
GE Power India Limited has secured a new project from MRPL Ltd for the Supply of Main Turbine Spares at MRPL Ltd. The total value of the contract is around Rs 7.66 crore. The period by which the order is to be executed is 18 months.
Read Dilip Kumar Lakhi, FIIs, and DIIs have reduced their stake in this Hinduja Group Stock trading below Rs 500: Do you hold it in your portfolio?
Share Performance and Financial Performance of GE Power Limited
Today while writing the article the company's stock is trading at around Rs 561.85 per share, with a market capitalisation of Rs 3777.18 crore. Additionally, the stock has delivered a multibagger return of around 230 per cent in the past 1 year.
As per the Quarterly Results in Q4 FY24 GE Power India Limited reported revenue of Rs 456 crore, representing a year-on-year de-growth of 14.35 per cent from Rs 532.66 crore last year. The company posted an operating loss of Rs 14.57 crore, compared to a loss of Rs 12.45 crore in the same quarter last year. The company’s net profit stood at Rs 0.37 crore in the Q4 FY24.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Shareholding Pattern of GE Power Limited
According to the latest update, the promoters' stake stood at 68.58 per cent while FIIs held 0.25 per cent which increased from 0.11 per cent. DIIs stake stood at around 3.50 per cent as per the recent update.
To read my recent articles please click here.
Investors must keep this Small-Cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.