Multibagger in just 1 year: This small-cap company is expanding into space, defence, and electronics sectors!

The stock gave multibagger returns of 120 per cent in just 1 year and a whopping 250 per cent in 3 years.

GOCL Corporation Ltd informed that the Board of Directors of the company has been engaged in discussing the subject of restructuring the company’s business model to respond to various opportunities. Here are the details:

Space Sector: A testimony of this effort is the fact that GOCL has proudly contributed to ISRO’s Chandrayan Mission.

Defence Sector Initiatives: The company have applied for and expects a licence to manufacture certain defence products related to aircraft pilot safety.

Electronics Sector: The company has built a good presence in the electronics sector, specifically the area related to automotive engineering, automobile battery charging, 5G equipment etc.

Additionally, GOCL has been running its detonator factory in Hyderabad since 1961, on 233 acres of owned land and 535 acres of leased land. However, due to rapid urbanization and expansion of the city, the factory is now surrounded by housing societies, healthcare facilities, educational institutions, and commercial centres.

This has made it increasingly difficult for GOCL to operate the factory safely and efficiently. Therefore, the Board of Directors has decided to consolidate its explosives and detonators business at Rourkela, where the land and existing facilities are already available. This will result in increased synergies in business.

Earlier, GOCL bagged orders from Coal India Limited, a Maharatna Company of the Government of India for the supply of bulk explosives, to be supplied over a period of 2 years i.e., from October 2023 to October 2025. The order is worth Rs 766,00,00,000 or Rs 766 crore.

On Thursday, shares of GOCL Corporation Ltd gained 3.53 per cent to an intraday high of Rs 581.60 per share from its previous closing of Rs 563.75.

GOCL Corporation Ltd is engaged in the business of energetics, mining & infrastructure services and realty. It is a part of Hinduja Group which has a presence across various industries such as Automotive, information technology, media, entertainment & communications, infrastructure projects, development, oil & speciality chemicals, power, real estate and healthcare. 

GOCL Corporation Ltd has a market cap of over Rs 2,700 crore and has been maintaining a healthy dividend payout of 25.1 per cent. The company reported positive numbers in its Quarterly Results and annual results.

The stock gave multibagger returns of 120 per cent in just 1 year and a whopping 250 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

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