Upper Circuit Alert: This microcap auto component company received export order worth USD 1 million!

The stock has gained over 30 per cent in the last one month.

Jagan Lamps Limited informed in the exchange filing that the company has received export orders for supplying automotive lamps from an overseas customer. The order is to be completed in 12 months with an amount worth USD 1 million.   

The company also received order from a domestic customer for supplying automotive lamps. The order is to be completed in 12 - 18 months with an amount worth Rs 55 crore.   

Jagan Lamps Limited is a manufacturer of Automotive Lighting through its three manufacturing facilities equipped with fully automatic machines catering to aftermarket, original equipment manufacturer (OEM) market and across the globe. The company also manufactures electric bikes. The company's clientele includes Maruti, Eicher, Tafe, Piaggio, Sonalika, Ace, Escorts, Case New Holland, J B Auto, Volvo, and VST Tillers.  

Today, the stock opened at Rs 54.00, with a high and low of Rs 58.08 and Rs 53.00. The stock is currently trading at Rs 58.08, up by 20 per cent.   

In the last 6 months, the shares of the company have given more than 10 per cent returns and on YTD basis, the stock has given about 18 per cent returns.   

The stock has a 52-week high of Rs 74.40 and a 52-week low of Rs 38.01. The company has a ROCE of 13.0 per cent and an ROE of 10.2 per cent with a market capitalization of Rs 42.4 crore.