2,750 per cent returns: This micro-cap multibagger company bags new order worth Rs 27.70 crore from Paranjape Autocast Pvt Ltd!

The stock gave multibagger returns of over 2,750 per cent in a decade.

Bhageria Industries Ltd announced that the company has received a letter of award (LOA) for the execution of turnkey domestic solar engineering, procurement and construction (Solar EPC) works of a ground-mounted solar power project with 10 years of comprehensive operation and maintenance from Paranjape Autocast Private Limited, one of the worldwide trusted Company in supplying intricate engineering products and services. Aggregating to a capacity of 4.5 MW (AC)/ 6.0 MWp (DC), this project has a total order value of Rs 27.70 crore (including comprehensive O&M) without taking taxes into account. The project shall be installed at Village Kombhalne, Taluka Akole, Dist. Ahmednagar.

Bhageria Industries is engaged in the manufacturing and trading of dyes & dyes intermediates and the generation and distribution of solar power. The company's product portfolio consists of dozens of dyes/ dyes intermediates, pigments, pigment intermediates and dyestuffs.

The Company has commenced its operations by setting up a Vinyl Sulphone Plant at Vapi (Gujarat) with a capacity of 540 T.P.A. Subsequently company has gone for further expansion in other dyes intermediates & dyestuffs.

The company has a market cap of over Rs 650 crore and has been maintaining a healthy dividend payout of 26.1 per cent. Additionally, the company reported positive numbers in its Quarterly Results and annual results.

On Friday, shares of Bhageria Industries Ltd gained 0.46 per cent to Rs 152.65 per share with an intraday high of Rs 154.95 and an intraday low of Rs 152. The stock gave multibagger returns of over 2,750 per cent in a decade. Investors should keep an eye on this micro-cap stock.

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