This multibagger heavy electro-mechanical repairs company bags new order worth Rs 5.20 crore from Bokaro Power Supply Company (P) Ltd
The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 620 per cent in 3 years.
Evans Electric Ltd secured a significant domestic contract worth Rs 5.20 crore from Bokaro Power Supply Company (P) Ltd., a joint venture between SAIL and DVC. The project involves rewinding and repairing a specific generator (TG #2) with a capacity of 55 MW, operating at 11.5 KV and 3000 RPM, and utilizing hydrogen cooling technology. Payments will be made based on achieving agreed-upon milestones, and Evans Electric Ltd. will guarantee their work for 6 months after successful commissioning. The entire project is expected to be completed within 6 months.
Evans Electric Ltd, established in 1951, specializes in repair, refurbishment, and support services for electro-mechanical equipment used in various industries like power generation, distribution, manufacturing, and processing. They cater to all aspects of electro-mechanical work including repairs, rewinds, refurbishments, redesigns, diagnostics, and component manufacturing. The company has a market cap of Rs 82.90 crore.
Also Read: Rs 3,000 million order book: This multibagger company received prototype approval for the manufacturing of high-pressure TYPE-IV composite cylinders for hydrogen from PESO
Their services encompass both in-house and on-site solutions for machines of varying sizes, including high-voltage generator and motor coil manufacturing, transformer coil manufacturing, and spare parts production. They also boast advanced diagnostic and machining facilities, dynamic balancing, and a full range of high-voltage testing equipment. Their manufacturing unit, located in a 30,000-square-foot facility in the Palghar district, has a lifting capacity of up to 50 tons.
On Friday, shares of Evans Electric Ltd plunged 2.33 per cent to Rs 302.10 per share with an intraday high of Rs 324 and an intraday low of Rs 302.10 from its previous closing of Rs 309.30. The stock’s 52-week high is Rs 401.10 and its 52-week low is Rs 95.95. The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 620 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Related articles
-
7,800 per cent multibagger returns: This civil construction company bags new orders worth Rs 181.45 crore from North Central Railway
-
Rs 85,000 crore order book: This multibagger railway infra company incorporated subsidiary company in DUBAI; details inside!
-
Rs 7,102 crore order book: Multibagger railway wagons company achieves significant milestones in battery technology for Indian Railways
-
Rs 4,75,800 crore order book: LIC-backed multibagger civil construction company bags offshore order between Rs 2,500 to Rs 5,000 crore from ONGC
-
1:2 bonus share & 3,900 per cent returns: This multibagger electrical equipment company bags order worth Rs 56.68 crore for projects in PVVNL and MVVNL
-
10,000 per cent returns: This multibagger telecom infrastructure company bags new orders worth Rs 109.76 crore from Ministry of Defence
-
12,850 per cent returns: This multibagger telecom infrastructure company bags new orders worth Rs 1,84,00,000 from Headquarters Naval Aviation, Goa
-
Rs 270,00,00,000 order victory & FIIs increase stake: This railway wagons company secures prestigious order for Vande Bharat train set from BHEL-TRSL consortium!
-
Rs 1540,00,00,000 orders: LIC & Governor of Gujarat-backed multibagger power stock bags new solar PV projects from Maharashtra State Electricity Distribution Company Ltd
-
Rs 55,300 crore order book: This multibagger civil construction company bags new orders worth Rs 369,05,00,000 from Jhansi, Telangana and Uttar Pradesh
-
Mulltibagger from its 52-week low: This micro-cap company bags new orders worth Rs 47,40,00,000 from various clients across India
-
Multibagger penny stock at Rs 22: This electrical equipment company bags new orders worth Rs 40,00,00,000 in West Bengal
-
300 per cent returns and promoters & FIIs increase stake: This multibagger aerospace & defence company bags new order worth Rs 25.58 crore from IOCL
-
650 per cent returns from its 52-week low: This micro-cap company receives new order worth Rs 13,34,00,000 from Indian Railways!
-
Rs 15,067 crore order book & FIIs increase stake: This multibagger civil construction company emerged as L1 bidder for an order worth Rs 520 crore from NHAI!
-
Rs 5,100 crore order book & Quant MF bought 22,50,000 shares: This multibagger railways telecom company bags order worth Rs 1,62,73,00,000 from Navodaya Vidyalaya Samiti!
-
Madhusudan Kela’s portfolio gains over 1,000 per cent multibagger returns from this small-cap stock; Board announces bonus shares!
-
Multibagger from its 52-week low: This IT-software company bags new order worth Rs 400 crore from Hyundai AutoEver Corp, Seoul, Korea!
-
Penny stock at Rs 22 and promoters sold 3,03,39,541 shares: This micro-cap company bags new orders worth Rs 69.33 crore from various clients across India
-
Rs 1,300 crore order book & 52-week high alert: This multibagger company bags new orders worth Rs 400 crore from domestic & international customers!