Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; bags a new order worth Rs 40,57,00,000!
Shares of the company have gained about 130 per cent in the last six months.
Shares of RBM Infracon Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 130 per cent and delivered multibagger return.
The company posted strong financial results in FY23. The company's revenue for FY23 stood at Rs 83.19 crore which grew by 74.98 per cent YoY. The operating profit of the company stood at Rs 4.78 crore, while the PAT of the company stood at Rs 2.21 crore, representing a growth of 8.92 per cent YoY.
The company recently bagged an order worth Rs 40,57,00,000.00, for the supply of ARC for 4 NOS. of crude tank m&I jobs at cot 3 years.
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RBM Infracon Limited is primarily engaged in the engineering, execution, testing, commissioning, operating & maintenance of mechanical and rotary equipment for oil & gas refineries, cement, fertilizers, Petrochemicals, Coal and gas-based power plants, etc. The company is engaged in providing Civil and Mechanical services to medium to large size of infrastructure companies. They work on identifying projects and usually secure contract through one-on-one negotiations and procures various orders.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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