150 per cent returns in just six months: This multibagger small-cap seal manufacturing company bags massive order from India Oil Corporation!

Owing to the positive news the stock made a fresh 52-week high gaining about 6 per cent.

Sealmatic India Limited has secured major order to supply high-critical mechanical seals for applications for 52 pumps in the FCCU, VBU, and BBU units from India Oil Corporation (IOCL), Mathura. Sealmatic has designed tailor-made solutions to meet demanding operating conditions, through design, operation, and maintenance with a view to achieving the highest safety standards in a cost-effective manner. This installation will create a recurring highly profitable spare parts business for the company through the lifetime of the equipment.

IOCL’s Mathura Refinery, which was commissioned in 1982 is the sixth refinery located in Mathura, Uttar Pradesh, India. With a capacity of 6.0 MMTPA to meet the demand for petroleum products in the northwestern region of the country, which includes the National Capital Region.

The processing of crude oil in refineries is a complex and multi-stage process in which crude oil is transformed into refined, high-quality end products or feed materials for the petrochemical industry.

Sealmatic India Limited is engaged in the business of designing and manufacturing mechanical seals and associated products. The company’s products are used across oil & gas, refinery, petrochemical, chemical, pharmaceutical, fertilizer, power, mining, pulp & paper, aerospace, marine, and other industries.

In the last six months, the shares of the company have given multibagger returns of about 150 per cent and investors should keep a close eye on this stock.

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