Multibagger stock below Rs 5: This micro-cap company bags order worth Rs 35 crore!
The stock gave multibagger returns of 170.91 per cent in just 6 months.
Vivanta Industries informed that the company has bagged an order worth Rs 35 crore for manufacturing A.P. (Active pharmaceuticals Ingredient) purification and sterilization Plant with Lyophilizers in small batch API. The Company giving the said order has received an environmental clearance certificate for manufacturing of A.P.I. Plant. The company will create an advanced quality control system and R & D facility in new I.P. creation in the field of API & Intermediaries.
The company is appointing technocrats & scientists with rich experience in the same field. The plant will be established in 18 months from the date of receipt of order.
On Thursday, shares of Vivanta Industries surged 5 per cent upper circuit to Rs 3.86 per share from its previous closing of Rs 3.83. The stock gave multibagger returns of 170.91 per cent in just 6 months.
Vivanta Industries Limited (VIL) provides engineering services. The company offers land survey and procurement, project designing, fiscal studies, funding and marketing services.
Talking about the financials, this civil construction company has a market cap of Rs 68 crore. The company reported excellent numbers in its Quarterly Results and annual results. The net sales skyrocketed 3,238 per cent in Q4FY23 over Q4FY22.
The stock has a PE of 19.33x and an ROE of 13.24 per cent. Investors should keep this micro-cap stock under the radar.