This Infralogistics Solutions Provider Stock Rallied 10 Per cent Today and Hit Upper Circuit After Securing Order Worth Rs 11.60 Crore!
The company’s shares have delivered an impressive multibagger return of over 450 per cent in the past 2 years.
The stock of this Small-Cap company, which provides cargo handling and logistics services, rallied 10 per cent in today's morning session and hit the upper circuit on the NSE with significant trading volumes.
Recently, Tara Chand Infralogistic Solutions Ltd announced that it has received an order to supply cranes with capacities ranging from 150MT to 500MT for a duration of 6 to 12 months, with the possibility of extension based on on-site requirements. The total contract value, excluding taxes, is Rs 1,159.60 lakhs and is slated for execution within FY2024-25. The allocation of this value spans various sectors, with Rs 473.20 lakhs designated for the cement industry, Rs 153.00 lakhs for the steel sector, Rs 239.40 lakhs for thermal power, and Rs 294.00 lakhs for renewable energy projects. These orders will be executed under the company's "Construction Equipment Rentals" segment, which recorded an EBITDA of 51 per cent in Q1 FY25.
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Currently, the shares of Tara Chand Infralogistic Solutions Ltd are at around Rs 400.75 per share on the NSE. The company’s current market capitalization stands at Rs 620.16 crore. Additionally, the shares have delivered an impressive multibagger return of around 520 per cent in the past 2 years and over 1100 per cent returns in the past 5 years.
Incorporated in 2012, Tara Chand Infralogistic Solutions Ltd offers cargo handling and logistics services. The company has recently secured contracts for deploying cranes with varying lifting capacities for capacity expansion and new construction projects in the Cement, Steel, Thermal Power, and Renewable Energy sectors across Gujarat, Karnataka, Madhya Pradesh, and Jharkhand.
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Disclaimer: The article is for informational purposes only and not investment advice.