Multibagger penny stock under Rs 75: This micro-cap transformer manufacturer bags Rs 3.28 crore order; reports a 2,000 per cent jump in PAT!
Shares of the company have gained more than 100 per cent in the last six months.
Shares of Alfa Transformers Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock witnessed heavy buying activity from investors on Friday. Hence, the stock was locked in the upper circuit on Friday. In the last six months, the stock has gained about 100 per cent.
Alfa Transformers Limited has secured purchase orders worth Rs. 3.28 crore from Rungta Sons Pvt. Ltd. and OCL Iron & Steel Limited. This is a significant win for the company, showcasing its expertise in manufacturing and supplying high-quality transformers.
The orders include the design, manufacturing, and supply of 3.15MVA 11KV/0.433KV, 3.5 MVA, and 3.0 MVA transformers with specific technical specifications. These transformers will be delivered by February 2024. This is a positive development for Alfa Transformers, as it strengthens its order book and boosts investor confidence.
The company posted strong Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 13.87 crore which grew by 122.17 per cent YoY. The operating profit of the company stood at Rs 0.94 crore, while the PAT of the company stood at Rs 6.06 crore, representing a growth of 2034.15 per cent YoY.
Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work. The company has two manufacturing units located in Bhubaneswar and Vadodara. The stock also delivered multibagger returns of about 480 per cent in the last one year.
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.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.