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Multibagger Penny Stock under Rs 30 and 190 per cent returns: This Electrical Equipment Stock Hits Upper Circuit; Bags New Order worth Rs 117.74 crore!
Praveenkumar Yadav

Multibagger Penny Stock under Rs 30 and 190 per cent returns: This Electrical Equipment Stock Hits Upper Circuit; Bags New Order worth Rs 117.74 crore!

Shares of the company have gained more than 200 per cent in the last one year.

Shares of Jyoti Structures Limited were locked in upper circuit today, gaining 5 per cent on Tuesday. The stock has witnessed heavy buying activity from investors from the last few days. Recently, Jyoti Structures Limited has secured a contract from Adani Energy Solutions Limited (formerly Adani Transmission Ltd.) valued at Rs 117.74 crore for the construction and partial supply of a 765 kV D/C transmission line. This project, located in Gujarat under the Khavda Phase IV-Part A initiative, involves building approximately 111 kilometers of the KPSIII-AP44 transmission line. This win strengthens Jyoti Structures' position in the construction of high-voltage power transmission lines.

Shares of Jyoti Structures Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 9.13 on July 31, 2023, to Rs 28.28 on July 30, 2024, an increase of more than 190 per cent in a one-year holding period.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Jyoti Structures Limited is an engineering, procurement and construction (EPC) service provider. The Company is engaged in the business of setting up power transmission lines, sub-stations and distribution networks. It undertakes projects on a global scale, offering a range of services in design, engineering, tower testing, manufacturing, construction and project management.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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

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