200 per cent profit growth: This small-cap company enters into MoU with Keppel Data Centres, do you own it?
The 3-year growth of 235.08 per cent is truly remarkable, demonstrating the company's ability to deliver exceptional results over the long term.
On November 22nd, 2023 Techno Electric & Engineering Company Limited and Keppel Data Centres (India) Private Limited entered into a non-binding memorandum of understanding (MOU) to formalize the parties’ intentions to explore potential collaboration in a greenfield development of a data center campus in India.
The MOU will focus on the joint development of a data center campus that meets the highest international standards for sustainability and energy efficiency. The parties will also explore opportunities to leverage their respective strengths and expertise to provide a comprehensive suite of data center services to customers in India.
The stock of Techno Electric & Engineering is currently trading at Rs 715.60 and with a market capitalization of Rs 7,872 crore. The company is in a strong financial position with almost no debt and is expected to have a good quarter. It has also been maintaining a healthy dividend payout of 34.5 per cent. Techno Electric & Engineering’s net profit jumped 25.45 per cent to Rs 73.78 crore in the Q2 2023-2024. On a quarterly growth basis, the company’s net profit has increased by 192.08 per cent.
The stock has showcased an impressive performance with consistent growth across all time frames. The 1-month growth of 38.71 per cent is a strong start, and the 3-month growth of 48.81 per cent indicates continued momentum. The YTD growth of 116.67 per cent is even more impressive, and the 1-year growth of 143.83 per cent is nothing short of outstanding. The 3-year growth of 235.08 per cent is truly remarkable, demonstrating the company's ability to deliver exceptional results over the long term.
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About Techno Electric & Engineering Company Limited
Techno Electric & Engineering Company Limited (TECHNO) is a leading Indian engineering and construction company with a strong track record of delivering complex projects across various industries, including power, infrastructure, and oil and gas. TECHNO is committed to providing innovative and sustainable solutions to its customers.
Disclaimer: The article is for informational purposes only and not investment advice.