Multibagger stock under Rs 10: Watch out for this micro-cap company which was locked in the upper circuit on May 02

The stock gave multibagger returns of 125 per cent in just 1 month and over 200 per cent in 6 months.

On Tuesday, the benchmark indices started the day higher. BSE Sensex Index and NSE Nifty-50 Index are up by 0.45 per cent each. However, at the closing bell, both the indices were flat, Sensex down by 0.01 per cent and Nifty-50 up by 0.0085 per cent.   

Today, one of the Top Gainers on BSE, shares of Vivanta Industries Ltd surged 5 per cent upper circuit to Rs 7.86 per share from its previous closing of Rs 7.49. The stock gave multibagger returns of 125 per cent in just 1 month and over 200 per cent in 6 months. The stock also traded at a new 52-week high of Rs 7.86 per share.  

Recently, 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 plant will be established in 18 months from the date of Receipt of Order.  

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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 per cent and net profit skyrocketed per cent in Q3FY23 over Q2FY22.   

The stock has a PE of 19.33x and a ROE of 13.24 per cent. The stock has seen heavy buying hitting back-to-back upper circuits and 52-week highs. 

Investors should keep this micro-cap stock under the radar.