Multibagger below Rs 100: This infra stock has almost doubled in just 1 year! Do you own it?

The company has given mutibagger returns of over 195 per cent on annual basis.

Sanmit Infra informed the exchange that it has started supply of Bitumen in drum packaging in Orissa, apart from bulk business.   

Post the rainy season, the bitumen business has also gotten off to a full start. They have started getting orders for bitumen. The company anticipates about Rs 4 crore in sales every month, from December 2022 to March 2023. Additionally, it has announced plans to conduct new business that will provide several crematoriums in India with a green cremation system (GMS).  

Additionally, orders for the company's Eco-Friendly Less Wood / Green Cremation System (GMS) of around Rs. 2.25 crore have been received. This GMS system will be an upgraded version of the traditional open-air wood fire system because the wood smoke releases carbon dioxide, particulate matter and volatile organic compounds (VOC), which is having a significant negative impact on the environment.   

This (GMS) system would use "Bamboo Pellets" instead of traditional wood since they have a high calorific value, high density and produce less ash when burned. As a result, pollution levels would be very low or non-existent. Pellets are therefore a renewable, sustainable, economical, comfortable and environmentally benign energy source.  

Sanmit Infra Ltd is mainly engaged in the business of bio-medical and other waste management, infra and real estate development and trading in petroleum products. The company has given multibagger returns of over 195 per cent on annual basis.   

On Tuesday, shares of Sanmit Infra were trading at Rs 78, down 1.45 per cent from its previous closing. Keep a close eye on this trending multibagger stock.