Multibagger in 6 months: This micro-cap electrical equipment company receives order worth Rs 3.33 crore from Maharashtra Enviro Power Limited!

The stock gave multibagger returns of 520 per cent in just 6 months, 4,200 per cent in 1 year and over 8,000 per cent in 2 years.

On Thursday, one of the Top Gainers on BSE, shares of Taylormade Renewables Ltd (TRL) surged 5 per cent upper circuit to Rs 591.60 per share from its previous closing of Rs 563.45. The stock also made a new 52-week high of Rs 563.45 per share. In the recent trading sessions, the stock is hitting back-to-back upper circuits and 52-week highs.

TRL informed that the company has received orders worth Rs 3.33 crore from Maharashtra Enviro Power Limited. The Purchase order for Supply Install, Erection and Comm. of TRL RAIN™ patented technology plant - 100KLD Evaporation system. The company will design, supply, install, erection, commission and hand over to the beneficiary within 7-8 Months from the date of P.O. receipt & acceptance from TRL. 90 per cent of basic P.O. value as an advance against ABG from a nationalised bank.

Taylormade Renewables is a company that provides renewable energy solutions. The company has developed cutting-edge technologies for hazardous wastewater treatment and zero liquid discharge.

According to the financials, the company has a market cap of Rs 581.24 crore with a 5-year CAGR of 80 per cent. The net sales increased by 120 per cent to Rs 12.25 crore and net profit increased by 8 per cent to Rs 1.90 crore in H2FY23 over H2FY22. The net sales increased by 226 per cent to Rs 19.79 crore and net profit increased by 1,131.25 per cent to Rs 1.97 crore in FY23 over FY22.

The stock gave multibagger returns of 520 per cent in just 6 months, 4,200 per cent in 1 year and over 8,000 per cent in 2 years. Investors should keep an eye on this micro-cap stock.

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