Multibagger company secures 2 back-to-back orders same day worth Rs 59,83,845, 1 from Reliance Retail; FIIs increase stake significantly by 44 times!

The stock has delivered a remarkable return of over 200 per cent in the past 2 years.

In the latest update, this micro-cap company secured two orders back-to-back on the same day. Details for each order are provided separately.

Firstly, a stock order was secured from Reliance Retail Limited. This significant contract involves the supply of Baggit Luggage in three different sizes to 21 stores of Reliance Retail Limited, amounting to an aggregate value of Rs 8,80,000 lakhs. Additionally, the company has secured another contract from Akshara Enterprises India Private Limited. This contract encompasses the supply, installation, testing, and commissioning of Motorised independent vertical slider boards, accompanied by a 5-year onsite warranty. The consideration for this project amounts to Rs 51,03,845.

Alkosign Limited specializes in manufacturing visual presentation systems, including various types of writing boards, display boards, and notice boards, along with their associated accessories. Additionally, the company produces stands for these boards, school benches and desks, and other related accessories. Their products are marketed under different trademarks such as "Alkosign," "Sit and Study," "Brainee," "Glassy-BO," "Ultra-EX," and "Ultra."

Share Performance:

On Friday, the company's stock closed at around Rs 151 per share representing a rally of around 6.90 per cent, with a market capitalisation of Rs 108.64 crore. Additionally, the stock has delivered a multibagger return of around 234 per cent in the past 2 years only.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 14.43 crore and a net loss of Rs 5.02 crore. In FY24, the company reported a revenue of Rs 35.69 crore and a net profit of Rs 0.78 crore, compared to a net loss of Rs 0.46 crore in the previous year.

Investors must keep this micro-cap stock on their radar.

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