Upper circuit alert: This micro-cap multibagger stock bags new order worth Rs 950 lakhs; reports 280 per cent jump in PAT!

Shares of this company have given about 40 per cent returns in the last six months.

Shares of Valiant Communications Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. Over the previous six months, the stock has gained about 40 per cent.

Valiant Communications scores big with over Rs 950 lakh orders for its homegrown communication and protection solutions. These deals span across India, the USA, South America, and even a 2017 success story at a Swiss nuclear plant! CEO Sood emphasizes Valiant's expanding partnerships and cutting-edge tech, now sought-after for advanced IT, automation, and power applications. He sees Valiant becoming a global leader in communication and security products, fueled by "Make in India" initiatives and a partnership with Tejas Networks for international reach.

The company posted strong Quarterly Results. The revenue of the company on a consolidated basis for Q2FY24 stood at Rs 11.10 crore which grew by 40.98 per cent YoY. The operating profit of the company stood at Rs 2.43 crore, while the PAT of the company stood at Rs 1.43 crore, gaining by 284.45 per cent which was Rs 0.37 crore in last year's same quarter.

Valiant Communications is a manufacturer and exporter of a wide range of communications, transmission, protection, synchronization, and cyber security products. It is an approved manufacturer to some of the major power utilities including Power Grid Corporation (India) and various National and State Electricity Boards.

The shares of the company have gained about 110 per cent in the last one year and investors should keep a close eye on this stock.

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