Vijay Kedia bought 24,65,912 shares in this microcap multibagger stock; hits upper circuit and witnesses heavy buying!

Shares of the company gained more than 65 per cent in the last six months.

Shares of Om Infra Limited were locked in the upper circuit on Tuesday, gaining 2.00 per cent. As the stock is under ESM stage 2. The stock witnessed heavy buying activity from investors on Tuesday. As an ace investor, Vijay Kedia buys a stake in the company. Kedia Securities Private Limited bought 24,65,912 shares on Monday at Rs 61.70. Hence, the stock was locked in the upper circuit on Tuesday.

Om Infra Limited incorporated in December 1971, is the flagship company of the Om Kothari Group, which is engaged in diversified activities including turnkey solutions for hydro-mechanical equipment for hydropower & irrigation projects, Jal-Jeevan Mission projects, real estate development and civil construction. OIL has its main fabrication unit for the hydro-mechanical division in Kota, Rajasthan. OIL’s total fabrication capacity is 15,000 Metric Tonnes Per Annum (MTPA). The company has also forayed into the construction of Dams and reservoirs on an EPC basis, along with the fabrication and installation of hydro-mechanical equipment.

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The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 266.80 crore which grew by 84.05 per cent YoY. The operating profit of the company stood at Rs 21.56 crore, while the PAT of the company stood at Rs 14.19 crore, representing a growth of 146.64 per cent YoY.

The company has an order book of Rs 2,961 crore. Om Infra Limited has also delivered multibagger returns of over 270 per cent in the last three years.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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