10 per cent upper circuit & 52-week high alert: This multibagger telecom equipment company bags new order worth Rs 6,32,48,000 from AMSCL
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 42.5 per share and has a PE of 20x whereas the industry PE is 40x.
Today, shares of Maestros Electronics & Telecommunications Systems Ltd hit a 10 per cent upper circuit to Rs 144.30 per share from its previous closing of Rs 131.20. The stock made a fresh 52-week high of Rs 144.30 while its 52-week low of Rs 42.50. The shares of the company also saw a spurt in volume by more than 3 times on BSE.
The sudden rise in the stock price was due to the company announcing that it had bagged a purchase order (PO) from Assam Medical Services Corporation Limited (AMSCL). The order includes delivery of 1,072 pieces of product named multi – -para monitor (Type –B), model – vital track with a warranty of 3 years and the order is worth Rs 6,32,48,000.
Maestros Electronics & Telecommunications Systems Ltd is a company that designs, develops, and manufactures products and services for financial inclusion, cardiology, gynaecology, critical care patients, and disease management in medicine.
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Talking about the financials, this capital goods company has a market cap of Rs 77 crore. The company reported positive numbers in Quarterly Results and annual results. In quarterly results (Q3FY24), the company reported net sales of Rs 3.35 crore and net profit of Rs 0.19 crore. In its annual results, the net sales increased by 121 per cent to Rs 24.60 crore and net profit increased by 138 per cent to Rs 2.8 crore in FY23 compared to FY22.
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 42.5 per share and has a PE of 20x whereas the industry PE is 40x. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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