1,166 per cent returns from 52-week low: This micro-cap company bags new order worth Rs 93,22,000 from Paushak Limited
The stock gave multibagger returns of 1,166 per cent from its 52-week low of Rs 50.55 per share. I
On Wednesday, one of the Top Gainers on NSE, shares of RBM Infracon Ltd hit a 5 per cent upper circuit to Rs 640.05 per share from its previous closing of Rs 609.60. The stock’s 52-week high is Rs 744 and its 52-week low is Rs 50.55.
RBM Infracon Ltd has secured a Rs. 93,22,000 order from Paushak Limited to provide repair and maintenance services. The company received a Letter of Intent (LOI) from Paushak Limited confirming the order, which has a validity period based on site requirements. The project is located in Gujarat.
RBM Infracon Limited is a relatively young company established in 2013. Its core business revolves around the engineering, construction, and maintenance of mechanical equipment for a wide range of industries, including oil and gas, cement, fertilizers, petrochemicals and power plants. Essentially, they specialize in bringing complex mechanical systems to life and ensuring their optimal performance.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
The company operates by securing contracts primarily through direct negotiations with medium to large infrastructure companies. Their service offerings are extensive, encompassing structural work, piping, tankage, maintenance, turnarounds, painting, insulation, electrical and instrumentation systems, and material handling solutions. RBM Infracon has successfully collaborated with industry giants such as Reliance Industries, Nayara Energy Limited, Afcons Infrastructure Ltd., Chemie-Tech-DORC-Nigeria, Chemie-Tech-Malta, GPPL- Malta, YARA Fertilizers, TATA Projects and L&T, demonstrating their capacity to deliver on large-scale projects.
The company has a market cap of Rs 646.64 crore with an ROE of 20 per cent and an ROCE of 29 per cent. The stock gave multibagger returns of 1,166 per cent from its 52-week low of Rs 50.55 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Rs 52,626 crore order book: Rakesh Jhunjhunwala's portfolio multibagger civil construction stock in green as the company announces stellar quarterly results!