Multibagger from its 52-week low: This micro-cap company bags new orders worth Rs 9,07,56,000 from Navi Mumbai International Airport and Guwahati International Airport!

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 131.05 per share.

Incorporated in 2015, Anlon Technology Solutions Limited is primarily engaged in the business of providing engineering services. The company provides engineering services for engineering systems, built on automotive chassis and allied areas, mainly for airports, high-rise buildings and refineries.

The company bagged 2 orders worth Rs 9,07,56,000 from various clients. Here are the details:

Order No.1 – The company bagged an order from Navi Mumbai International Airport Pvt Ltd worth Rs 8,73,00,000 for the crash fire tender vehicle services suit.

Order No.2 – The company bagged an order from Guwahati International Airport Ltd worth Rs 34,56,000 for the crash fire tender vehicle services suit.

Today, shares of Anlon Technology Solutions Limited plunged 5.48 per cent to Rs 255.20 per share with an intraday high of Rs 269.80 and an intraday low of Rs 255 per share. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 131.05 per share.

According to the financials, the company has a market cap of Rs 143 crore. The shares of the company have an ROE of 29.4 per cent and an ROCE of 37.6 per cent. In its half-yearly results and annual results, the company reported positive numbers. The net sales increased by 70 per cent to Rs 32.89 crore and net profit increased by 104 per cent to Rs 4.44 crore in FY23 compared to FY22.

The stock falls under the SME Index with a lot size of 1,200 which is currently valued at Rs 3,06,240 as of today’s closing price.

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