400 per cent returns and Rs 222 crore order book: This multibagger coal exploration company bags new work order worth Rs 38 crore!

Shares of the company gained more than 30 per cent in the last six months.

South West Pinnacle Exploration Limited secured a work order from Hindustan Copper Limited for Surface Exploratory Diamond Core Drilling in Rajasthan. The assigned project holds an approximate value of Rs.38 crores.

The company posted flat Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 23.27 crore which decreased by 10.13 per cent YoY. The operating profit of the company stood at Rs 4.83 crore, while the PAT of the company stood at Rs 0.97 crore, which decreased by 55.27 per cent.

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South West Pinnacle Exploration Limited is engaged in providing end-to-end drilling, exploration and allied services to various industries. It also provides consultancy for geological field services and allied services and has an in-house team of geoscientists for providing integrated exploration services including geophysical logging, surface geophysical & topographic surveys.

The stock has given multibagger returns of over 400 per cent during the last three years. The company has an order book of approximately Rs 222 crore, which will provide revenue for the next 1-2 years. The company has also bid for orders worth Rs 250 crore.

Today, the stock opened at Rs 181.95, with a high and low of Rs 181.95 and Rs 177.35. The stock closed trading at Rs 179.70, down by 1.72 per cent. The stock has a 52-week high of Rs 191.95 and a 52-week low of Rs 124.85.

Investors should keep a close eye on this stock.

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