Multibagger in just 6 months: This micro-cap stock was locked in the upper circuit as it receives order worth Rs 11.36 crore!
The stock gave multibagger returns of 160.82 per cent in just 6 months while BSE Sensex is up by 0.96 per cent.
One of the Top Gainers on the BSE today, shares of Loyal Equipments Ltd surged and reached a fresh upper price band of Rs 127.15 per share, after being locked in the 5 per cent upper circuit. The stock made a new 52-week high of Rs 127.15 per share. Furthermore, the company's share price is rising dramatically and has made back-to-back upper circuits and 52-week highs in recent trading sessions.
The company received new work order worth Rs 11.36 crore from Numaligarh Refinery Limited and hence is witnessing some fresh buying. The order includes the supply of shell and tube heat exchanges and will be executed within 10 months from LOI.
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Loyal Equipments Limited was established in 1993, as a "Loyal Engineer" Company in Ahmedabad, Gujarat. The company operates in the field of manufacturing industrial and engineering equipment.
The firm has a market cap of Rs 129.69 crore and delivered good profit growth of 25 per cent CAGR over the last 5 years. The company reported excellent numbers in its standalone Quarterly Results and standalone annual results.
The stock gave multibagger returns of 160.82 per cent in just 6 months while BSE Sensex is up by 0.96 per cent. Investors should keep this micro-cap stock under their watch list.