52-week high alert in this multibagger stock: This engineering company receives orders worth Rs 362.96 crore from Rajya Vidyut Prasaran Nigam Ltd!

The stock gave multibagger returns of 125 per cent in just 1 year, 315 per cent in 3 years and a whopping 850 per cent in a decade.

Jost’s Engineering Company Ltd along with its joint venture partner has received a letter of intent (LOI) from Rajasthan Rajya Vidyut Prasaran Nigam Limited in respect of 3 projects which will be completed within 24 months from the letter of intent (LOI). The details are as follows:

Order No – 1: Total Project cost of Rs 108.14 crore (including GST) for the construction of various transmission lines in Rajasthan at Sawai-Madhopur, Baran, Dausa & Jaipur Districts including Survey, supply of all equipment/materials, erection, testing and commissioning. The company’s share in the total project cost is Rs 40.24 crore (including GST).

Order No – 2: Total Project cost of Rs 111.92 crore (including GST) for the construction of various transmission lines in Rajasthan at Dholpur, Bharatpur & Alwar Districts including survey, supply of all equipment/materials, erection (including civil works), testing and commissioning. The company’s share in total Project cost is Rs 43.20 crore (including GST).

Order No – 3: Total Project cost of Rs 142.90 crore (including GST) for Construction of various transmission elements associated lines at Tehsil-Rajgarh (Distt Churu) including survey, supply of all equipment/materials, erection (including civil works), testing and commissioning. The company's share in total project cost is Rs 57.25 crore (including GST).

On Tuesday, shares of Jost’s Engineering Company Ltd gained 8.62 per cent to make a new 52-week high of Rs 475 per share from its previous closing of Rs 437.30. At the closing bell, shares of the company were trading at Rs 451.05 per share with a spurt in volume by more than 1.01 times on BSE. The company has a market cap of over Rs 200 crore and has delivered good profit growth of 33.8 per cent CAGR over the last 5 years

The stock gave multibagger returns of 125 per cent in just 1 year, 315 per cent in 3 years and a whopping 850 per cent in a decade. Investors should keep an eye on this micro-cap stock.