Rs 100 crore order book: This multibagger micro-cap company receives order worth Rs 20 crore from Steel Authority of India Ltd; hit 52-week high!
The stock gave multibagger returns of 170 per cent in just 1 year.
Tara Chand InfraLogistic Solutions Limited informed that the company has been awarded a new 4.5-year contract worth Rs 20 crore by Steel Authority of India Limited (SAIL) as consignment-cum-handling agent for the SAIL Warehouse in Bangalore. The execution of the said contract is expected to start in January 2024 as per the terms of the letter of intent (LOI) issued by SAIL.
Tara Chand Infralogistic Solutions Limited is engaged in infrastructure construction projects and warehousing & transportation of steel. It has a fleet of large cranes, hydraulic piling rigs and concrete equipment. The company has an order book of Rs 80 crore as of September 30, 2023. Including the above order, the company’s order book now stands at Rs 100 crore.
According to the financials, the company has a market cap of Rs 260 crore with a 3-year stock price CAGR of 81 per cent. In its Quarterly Results, the net sales increased by 30 per cent to Rs 42.21 crore and net profit increased by 67.5 per cent to Rs 2.69 crore in Q2FY24 compared to Q2FY23. In FY23, the net sales increased by 10 per cent to Rs 141.06 crore and net profit increased by 295 per cent to Rs 9.36 crore compared to FY22.
Today, shares of Tara Chand InfraLogistic Solutions Limited gained 1.89 per cent to Rs 186 per share with an intraday high of Rs 187.80 and an intraday low of Rs 181.45. The stock also made a new 52-week high of Rs 187.8 per share.
The stock gave multibagger returns of 170 per cent in just 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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