Rs 813.5 crore order and 52-week high alert; Board likely to announce bonus shares tomorrow!

The stock gave multibagger returns of 225 per cent in just 1 year whereas BSE Sensex Index is up by 25 per cent.

On Tuesday, shares of The Anup Engineering Ltd gained 4.50 per cent and made a fresh 52-week high of Rs 3,271 per share from its previous closing of Rs 3,130.60 per share. The shares of the company saw a spurt in volume by more than 4 times on BSE.

The Board of Directors of the company is scheduled to be held on Wednesday, March 20, 2024, inter-alia, to consider the proposal for the issue of bonus shares to the equity shareholders of the company.

Established in 2018, Anup Engineering Ltd is a manufacturer of industrial equipment like Heat Exchangers, Reactors, Pressure Vessels and Centrifuges. Their products are used in various industries including Oil & Gas, Petrochemicals, Power and Pharmaceuticals.

According to the Quarterly Results, the net sales increased by 12.3 per cent to Rs 128 crore, operating profit increased by 23.3 to Rs 30 crore and net profit increased by 43 per cent to Rs 20 crore in Q3FY24 compared to Q3FY23. As of December 31, 2023, the company has Rs 813.5 crore worth of projects in its order book.

The company has a market cap of over Rs 3,000 crore and has been maintaining a healthy dividend payout of 18.2 per cent. The stock gave multibagger returns of 225 per cent in just 1 year whereas BSE Sensex Index is up by 25 per cent. Investors should keep an eye on this Small-Cap stock.

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