Penny stock with 600 per cent returns: Back-to-back upper circuit in this multibagger stock; PAT jumps over 650 per cent in FY24!
Shares of the company have gained more than 40 per cent in the last six months.
Shares of Alfa Transformers Limited were locked in the upper circuit on Friday, 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. In the last six months, the stock has gained more than 40 per cent.
The company posted robust Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 11.35 crore which grew by 56.74 per cent YoY. The operating profit of the company stood at Rs 0.64 crore, while the PAT of the company stood at Rs 0.12 crore, which declined by 39.3 per cent YoY. The company reported a 652 per cent jump in PAT growth in FY24.
A few months back, Alfa Transformers secured a significant domestic order worth Rs. 27.39 crore from the Gujarat Electricity Board. This project involves designing, manufacturing, and supplying 4,994 units of 10 KVA transformers from their Vadodara plant. The entire project needs to be completed within 7 months from the receipt of the order. This win strengthens Alfa Transformers' position in the domestic power transformer market.
Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work. The company has two manufacturing units located in Bhubaneswar and Vadodara. The company exports its products to countries like Dubai (U.A.E), Nepal, Bangladesh, Nigeria, the UK, and Suriname in South America. The stock also delivered multibagger returns of about 600 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.
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