Multibagger penny stock below Rs 30: This small-cap company receives orders worth Rs 18.41 crore from RailTel corporation!

Shares of the company have gained about 100 per cent in the last six months.

On May 20, 2023, SBC Exports Limited informed in the exchange filing that the company had received a work order for engagement of experienced manpower service providers for providing manpower and related services in Ahmedabad, Bhopal and Nagpur territories of RailTel Corporation of India Limited, Western Region.  

SBC Exports Ltd was incorporated in 2011. It is engaged in the trading and manufacturing of garments, manpower supply services & tour operator services. Currently, the company has 70 distributors in India, and receives an average of 75 new projects every year. Govindji Gupta is the MD of the company.    

The stock has also delivered multibagger returns to its shareholders in the last year. During this period, the company’s share price jumped from Rs 5.40 on May 24, 2022, to Rs 22.00 on May 22.10, 2023, representing an increase of about 300 per cent in one year holding period.   

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Today, the stock opened at Rs 22.52, with a high and low of Rs 22.73 and Rs 21.97. Currently, the stock is trading at Rs 22.07, down by 2.00 per cent over its previous close of Rs 22.48. The stock has a 52-week high of Rs 23.81 and a 52-week low of Rs 4.65.