Multibagger penny stock under Rs 60: This micro-cap company bags new orders worth Rs 11.27 crore!
Shares of the company gained more than 200 per cent in the last six months.
On October 13, 2023, Jyoti Limited informed in the exchange filing that the company had secured an order worth Rs 11.27 crore. The order involves the supply of High Voltage (6.6 kv & 11 kv) Switchgear Panels for PP and CDW units along with spares & TEMP CUM PD monitoring system with site supervision for the HV switchboard and training for the HV switchboard. The order is from Indian Oil Corporation Limited, Panipat.
Recently, the company also received an order worth Rs 7.25 crore for the supply of a 3x500 KW Turbine, Generator along with accessories from the Government of Arunachal Pradesh, office of the Executive Engineer, Bomdila Hydro Power Division-I, Department of Hydro Power Development, Bomdila.
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Jyoti Limited has also delivered multibagger returns of about 360 per cent in just one year holding period. While, in the last six months, the stock gained more than 200 per cent.
Jyoti Limited is an engineering company that provides products and services to clients in India and in the international market. The company offers its products to power (thermal, hydel and nuclear) generation, transmission and distribution, and agriculture, by providing irrigation through pumping systems, water supply and sewerage schemes, defence-particularly naval and marine. As of 31st March 2023, the company has an order book of Rs 207 crore.
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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