Dream run for this newly-listed SME stock continues; do you own this multi-bagger stock?

The stock got listed with a premium of over 19 per cent on July 13.

The shares of Jayant Infratech got locked in the upper circuit on Thursday after gaining 5 per cent over Wednesday's closing price.  

Jayant Infratech managed to close at Rs 242.40 per share on Thursday when BSE Sensex and Nifty 50 gained 0.88 per cent & 0.71 per cent, respectively.  

Since its listing on the bourses, the shares of Jayant Infratech have rallied by more than 262 per cent if we consider the issue price of Rs 67 per share. The stock got listed with a premium of over 19 per cent on July 13. Since its listing day, the shares of Jayant Infratech have locked in back-to-back upper circuits. With consistent buying seen in Jayant Infratech, it is now one of the top-performing SME IPOs of 2022. Jayant Infratech is one of the many successful listings of BSE SME platform.  

Jayant Infratech is expected to be one of the biggest beneficiaries of the increasing expenditure expected to be undertaken by the Indian Railways.  

Incorporated in 2003, Jayant Infratech primarily undertakes railway infrastructure development work. It is a technology-driven company with excellence in railway electrification and infrastructure projects. The company is engaged in designing, drawing, supplying, erection, and commissioning 25KV, 50Hz single phase traction overhead equipment.  

Large public and private sector companies such as Eastern Railway, South Eastern Railway, South East Central Railway, Northern Railway, East Coast Railway, and North Frontier Railway are the key clients served by the firm.  

Jayant Infratech has extensive experience in the railway electrification segment with a good project execution track record and a healthy client list.  

Long-term investors should keep Jayant Infratech on their watchlist!