Multibagger stock at Rs 85 & promoters increase stake: This auto ancillary company receives order worth EURO 31,582.08 from Carraro Drive Tech Italia Spa
The stock is up by 40 per cent from its 52-week low of Rs 60.2 per share and gave multibagger returns of over Rs 300 per cent in just 3 years.
Kranti Industries Ltd informed that the company has received the purchase order (PO) vide order number 4500469437 from Carraro Drive Tech Italia Spa. The order includes Carraro Group's general purchasing conditions to supply components named as beam trumpet, amounting to the sum of the PO value of EURO 31,582.08. The order is by the international entity and will be executed on or before May 15, 2024.
Kranti Industries Limited produces and distributes metal products. The company offers axle, transmission, automotive, and other parts and components. Kranti Industries serves customers worldwide.
Talking about the financials, Kranti Industries has a market cap of Rs 92.85 crore with a 3-year stock price CAGR of 70 per cent. In its Quarterly Results, the net sales decreased by 1.4 per cent to Rs 21.31 crore in Q3FY24 compared to Q3FY23. The company reported a net loss of Rs 0.99 crore in Q3FY24 compared to a net profit of Rs 0.39 crore in Q3FY23. In FY23, the net sales decreased by 0.44 per cent to Rs 93.24 crore however net profit skyrocketed by 135 per cent to Rs 5.22 crore compared to FY22.
DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
According to the shareholding pattern, the promoters of the company own a 68.89 per cent stake in the company and the rest 31.10 per cent stake is owned by the public with a total of 3,640 shareholders as of December 2023. In comparison to September 2023, the promoters bought 3,880 shares or 0.03 per cent stake in the company.
On Friday, shares of Kranti Industries Ltd surged 1 per cent to Rs 81.37 per share with an intraday high of Rs 84.87 per share and an intraday low of Rs 80 per share. The stock is up by 40 per cent from its 52-week low of Rs 60.2 per share and gave multibagger returns of over Rs 300 per cent in just 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
For more such updates on the go, Click here to join our WhatsApp Channel
Related articles
-
Multibagger penny stock at Rs 80 & promoters increase stake: This auto ancillary company receives order worth Rs 1,02,30,010 from CNH Industrial (India) Pvt Ltd
-
3:1 bonus share: Multibagger pharma products stock under Rs 80 in green as company bags order worth Rs 175,00,00,000 from Aster Biotech Limited, UK
-
Penny stock under Rs 80: This facade system company bags new order worth Rs 9,29,25,000 from Shakuntla Educational & Welfare Society
-
Multibagger penny stock under Rs 25: This micro-cap company bags new orders worth Rs 20 crore from Skytone Foods and Anumati Trading
-
Multibagger penny stock at Rs 42 with 1,800 per cent returns: This micro-cap company imports new high-tech machinery worth Rs 1 crore to boost production and enter new markets
-
Multibagger penny stock under Rs 50: This electric equipment company bags new order worth Rs 3,04,95,149.54 from Northern Railway
-
Multibagger penny stock at Rs 11: This civil construction company bags solar PV order worth Rs 90,34,88,913 from NTPC-SAIL Power Company Limited
-
Penny stock under Rs 100: 6 days ago, listed IT-company bags new order worth Rs 340 lakh from Silicon Rental Solutions Limited, Mumbai
-
Multibagger penny stock at Rs 43 with 1,890 per cent returns: This micro-cap company secures first-ever sample order from Flobal Corporation
-
1:2 bonus shares & multibagger penny stock below Rs 25: This micro-cap company bags new order worth Rs 70,00,000 from India Tourism Development Ltd
-
Multibagger penny stock at Rs 22: This electrical equipment company bags new orders worth Rs 40,00,00,000 in West Bengal
-
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
-
Multibagger penny stock below Rs 35: This micro-cap company bags new order worth Rs 84,16,656 from Ministry of Electronics and Information Technology!
-
Low PE penny stock under Rs 25: This micro-cap company bags new orders from US customers!
-
Penny stock below Rs 60 & Rs 300 crore order book: This micro-cap company receives new order worth Rs 5,56,57,000 from National Highways Authority of India!
-
Multibagger penny stock below Rs 30: This micro-cap company bags new orders worth Rs 78,70,000 from Government of West Bengal!
-
Multibagger penny stock below Rs 100: This micro-cap company bags new orders worth Rs 41,15,00,000 from L&T and others!
-
Dilipkumar Lakhi's portfolio multibagger penny stock with Rs 169.2 crore order book: This iron & steel company receives new orders worth Rs 10,00,00,000 from a PSU company!
-
Rs 55,300 crore order book: This multibagger civil construction company receives new orders worth Rs 1,500 crore from National Cooperative Development Corporation!
-
Multibagger penny stock under Rs 35: This micro-cap company receives new order worth Rs 52.48 crore from Ministry of Petroleum and Natural Gas!