52-Week High Alert: Multibagger Infrastructure Company Bags New Order Worth Rs 2,00,00,000 from ITD Cementation India Ltd
The stock gave multibagger returns of 850 per cent in 1 year and a whopping 4,250 per cent in 5 years.
Trishakti Industries Limited has successfully secured a pivotal contract from ITD Cementation India Limited (ITD CEM) for the second phase of the Chennai Metro Project. This significant win underscores the company's dedication to providing cutting-edge, high-capacity equipment for large-scale infrastructure projects. By deploying machinery valued at Rs 2 crore, Trishakti Industries Limited will directly support ITD CEM's ongoing infrastructure endeavors. This contract not only solidifies the company's position in the infrastructure sector but also promises a positive impact on its financial performance in the upcoming quarters.
Earlier, the company received a contract from KEC International Ltd. Under this agreement, Trishakti will provide equipment valued at Rs 2.5 crore for infrastructure projects. This development strengthens our existing partnership with KEC International Ltd. and reinforces our position in the equipment rental market. We expect this contract to have a positive impact on our revenue in the upcoming financial periods.
On Tuesday, shares of Trishakti Industries Ltd gained 4.85 per cent to an intraday high of Rs 154.45 per share from its previous closing of Rs 147.39. The stock also made a new 52-week high is Rs 154.45 and its 52-week low is Rs 16.14.
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Trishakti Industries Limited provides infrastructure and oil & gas exploration services. The company engages in multiple business sectors including logistics and infrastructure, oil and gas, food-related items, and agency services. Trishakti Industries serves customers worldwide.
The company has a market cap of over Rs 220 crore with a 3-year stock price CAGR of 200 per cent. The stock gave multibagger returns of 850 per cent in 1 year and a whopping 4,250 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.