Penny stock under Rs 30 with 1,900 per cent returns: This multibagger stock bags new order worth Rs 11,00,00,000 from Railtel Corporation!
Shares of the company gained more than 15 per cent in the last six months.
SBC Exports Limited has received an additional work order valued at Rs. 11 crore from RailTel Corporation of India Limited for providing manpower services in Ahmedabad, Bhopal, and Nagpur. This brings the total contract value to Rs. 29.15 crore. The services include recruiting, deploying, and managing manpower for RailTel. The contract duration is one year. The scope of work involves finding qualified candidates, ensuring their employment with SBC Exports, and adhering to specific terms and conditions outlined by RailTel.
The company posted robust quarterly Results. The revenue of the company for Q1FY25 stood at Rs 65.72 crore which grew by 24.33 per cent YoY. The operating profit of the company stood at Rs 7.46 crore. The PAT of the company stood at Rs 5.32 crore, representing a growth of 15.72 per cent YoY.
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SBC Exports Limited is engaged in the Trading and Manufacturing of Garments, Manpower Supply Services & Tour Operator Services. Earlier it was engaged in the Trading of handmade carpets, cushion covers, cotton quilts and bedspreads etc. It entered into Business of Information Technology and Manpower Supply Services in 2017 and Tour and Travel Services in 2018. It is working as a Tour & Travel Booking engine via Maujitrip.Com. The shares of SBC Exports Limited have also delivered multibagger returns of over 1,900 per cent in the last three years.
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.