Heavy buying: Back-to-back 20 per cent upper circuit in this multibagger penny stock under Rs 25; bags new order worth Rs 1,01,66,230!

Shares of the company have gained about 70 per cent in the last six months.

Shares of Catvision Limited were locked in the upper circuit on Tuesday, gaining 20.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days and also bagged a new order. Hence, the stock is locked in the upper circuit. The stock also made a fresh 52-week high of Rs 21.24 on Tuesday. In the last six months, the stock has gained about 70 per cent.

Recently, Catvision Limited landed two significant contracts with Larsen & Toubro Group, a major boost for the company. The company will supply and install its Master Antenna Television Systems for the Central Vista Project and Patna Medical College Hospital. The contracts, valued at Rs 73.5 lakh and Rs 28.2 lakh respectively, are expected to be completed within 9 and 3 months. This is a positive development for Catvision, showcasing its expertise in catering to prestigious infrastructure and healthcare projects.

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Catvision India Limited is engaged in manufacturing and selling CATV, SMATV, and IPTV equipment and providing related services including channel marketing services. The company caters to both domestic and international markets. The company has its head office in Noida and a factory in Dehradun. It manufactures digital headend (encoders, decoders), HFC (hybrid fiber coax), set-top boxes, and GPON products (OLT and ONU). The stock also delivered multibagger returns of over 220 per cent in the last three years.

Investors should keep a close eye on this stock.

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