Stock below Rs 100: This micro-cap company is on a new growth path as it signs an MOU with U.P. Government; scrip jumps over 12 per cent!

The stock is up by 40 per cent in 6 months and gave multibagger returns of over 160 per cent in 3 years.

T T Limited signed an MOU with the U.P. Government to participate in PM Mitra Park at Lucknow, Uttar Pradesh for establishing a textile vertical unit. T T Limited has applied for 15 acres of land in the main capital city of Uttar Pradesh and its link to the entire Uttar Pradesh by expressway.

T T Limited has already started building a factory at Hosiery Park, Kolkata, West Bengal and this will be completed in a year's time. A unit at Surat to manufacture fabric under the upcoming Textile Ministry PLI-2 scheme is also under planning. The company is also planning to set up a new Garment factory in Tamil Nadu.

The company is targeting major sales in the export market for Garments, Fabric and Reusable Cotton (Spinnable cotton). The company’s Directors and its Executives are on high speed to implement aforesaid projects and start production as quickly as possible. These projects start up a new path of growth for T T Limited and for all products of T T Brand.

On Friday, shares of T T Ltd zoomed 12.16 per cent to Rs 94.35 per share with an intraday high of Rs 95.50 and an intraday low of Rs 85.20. The shares of the company saw a spurt in volume by more than 2.07 times on BSE. The company has a market cap of over Rs 200 crore.

T T Limited is engaged in the manufacturing of yarn, fabric, garments and other textile products. The company reported positive numbers in its Quarterly Results (Q1FY24) and annual results (FY23).

The stock is up by 40 per cent in 6 months and gave multibagger returns of over 160 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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