Multibagger Heavy Electrical Equipment Stock Hit 52-Week High After Company Bagged New Orders Worth Rs 2,466.48 Lakh
The stock gave multibagger returns of 275 per cent from its 52-week low of Rs 44 per share.
On Tuesday, one of the Top Gainers on BSE, shares of Jyoti Ltd gained 7.60 per cent and made a new 52-week high of Rs 165 per share from its previous closing of Rs 153.39 per share. The stock gave multibagger returns of 275 per cent from its 52-week low of Rs 44 per share.
Jyoti Limited has secured a Letter of Intent (LOI) worth Rs 1,616.48 lakh (excluding GST) from Karan Development Services Pvt Limited to design, manufacture, supply, test, and commission 11 pumps with HT Motors for the Handia Barrage project in Madhya Pradesh. The execution period for this project is estimated to be 8-9 months. There are no related party transactions involved in this order, and the promoter/promoter group/group companies have no interest in Karan Development Services Pvt Limited.
In addition, the company has secured a significant order worth Rs 850 lakh (excluding GST) for the refurbishment and replacement of various electro-mechanical equipment in the 3 x 5 MW Mannapitlu Mini Hydel Plant located in Karnataka. The order has been awarded by Soham Mannapitlu Power Private Limited. The project involves the replacement of critical components within the plant, such as turbines, generators, and control systems, to enhance its operational efficiency and reliability. The order is domestic in nature, with all work to be carried out within India. The project is expected to be completed by April 16, 2025.
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Jyoti Ltd offers hydraulic and electrical products and services and designs and manufactures a wide range of Pumps and EPC Pumping Systems from concept to commissioning. The company is comprised of 2 divisions viz. project division and the switchgear division.
Jyoti Ltd has a market cap of Rs 381 crore and has delivered good profit growth of 32.1 per cent CAGR over the last 5 years. The stock gave multibagger returns of 216 per cent in just 1 year and a whopping 2,755 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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