Multibagger stock hit upper circuit & 52-week high as this marble company bags new orders worth Rs 30,00,00,000 from Larsen & Toubro Ltd and Kalpataru Urbanscape LLP

The stock gave multibagger returns of 677.6 per cent from its 52-week low of Rs 13.30 per share and a whopping 1,600 per cent in 3 years.

Marble City India Limited has secured orders from Larsen & Toubro Limited (Realty Division) and Kalpataru Urbanscape LLP for the supply of imported natural marble and sanitary ware. The contract is valued at Rs 30 crore and is to be executed by March 31, 2025. Payment terms specify settlement within 30 days of invoice acceptance, and the vendor is responsible for replacing any damaged goods during transit within 15 working days. The order does not involve any related party transactions.

Marble City India Ltd is a prominent player in the marble industry, specializing in the manufacturing and selling of high-quality marble blocks and slabs. Established in 1993, the company imports raw marble from quarries worldwide, including Italy, Turkey, Egypt, Greece, China, Brazil and Mexico. Their state-of-the-art processing unit in Behror, Rajasthan, transforms these raw materials into polished and finished products, catering to both commercial and residential real estate sectors. With a diverse product range encompassing marble blocks, slabs, design tiles and marble stone, Marble City India Ltd has successfully executed projects for renowned developers like Unitech, Parvnath, Omaxe, Uppal, Eros, Jaypee Group and DLF.

On Thursday, shares of Marble City India Limited were locked in a 2 per cent upper circuit to Rs 103.42 per share from its previous closing of Rs 101.40 per share. The stock also made a new 52-week high of Rs 103.42 per share while its 52-week low is Rs 13.30 per share. The stock gave multibagger returns of 677.6 per cent from its 52-week low of Rs 13.30 per share and a whopping 1,600 per cent in 3 years.

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