Rs 145 crore order book: This multibagger micro-cap company bags new order worth Rs 12,00,00,000 from Jammu Smart City, Jammu (J&K)
From Rs 99.20 to Rs 364.60 per share, the stock gave multibagger returns of 267.5 per cent in just 3 months.
Z-Tech (India) Limited has secured a noteworthy project from Jammu Smart City, Jammu (J&K). The project entails the design, engineering and development of a Waste to Wonder Park at Khanpur, Jammu, under a Public-Private Partnership (PPP) model. The company will be responsible for the operation, maintenance, and management of the park for 20 years. The order value for this project is a substantial Rs 12,00,00,000 excluding GST. This marks a significant accomplishment for Z-Tech and is anticipated to positively impact the company's growth trajectory.
Earlier, the company secured substantial work orders from 2 clients. This significant development solidifies our position as a leading player in the civil construction industry. The orders include a substantial civil works project for Shree Balaji Engicons Limited and a ground improvement contract for J. Kumar Infraprojects Ltd. These projects, valued at a combined total of Rs 5,45,27,550, will further enhance the company’s portfolio and contribute significantly to its revenue growth in the upcoming quarters.
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Z-Tech (India) Ltd, a leading provider of civil engineering solutions, specializes in creating innovative and sustainable geotechnical solutions for infrastructure and civil construction projects in India. The company's diverse portfolio includes sustainable theme park development, industrial wastewater management, and geotechnical specialized solutions. By repurposing waste materials, Z-Tech contributes to environmental conservation while offering engaging and immersive experiences for visitors. Additionally, their expertise in treating industrial wastewater and extracting valuable chemicals promotes resource efficiency. Moreover, the company's geotechnical solutions address complex challenges related to soil and rock mechanics, ensuring the structural integrity and safety of infrastructure projects.
The company has a market cap of Rs 466.6 crore and as of June 30, 2024, the company has an order book of Rs 145 crore. From Rs 99.20 to Rs 364.60 per share, the stock gave multibagger returns of 267.5 per cent in just 3 months.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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