5:1 Stock Split: Multibagger micro-cap company bags new order worth Rs 2,50,00,000 from KEC International Ltd
The stock gave multibagger returns of 1,100 per cent in 1 year and a whopping 3,800 per cent in 5 years.
On Friday, shares of Trishakti Industries Ltd gained 1.76 per cent to Rs 144.40 per share from its previous closing of Rs 141.90. The stock’s 52-week high is Rs 141 and its 52-week low is Rs 12.10.
Trishakti Industries Ltd announced that it has secured a new contract from KEC International Ltd. Under this agreement, Trishakti will provide equipment valued at Rs 2.5 crore for infrastructure projects. This development strengthens our existing partnership with KEC International Ltd. and reinforces our position in the equipment rental market. We expect this contract to have a positive impact on our revenue in the upcoming financial periods.
Earlier, the company secured two significant contracts, bolstering its position in the infrastructure equipment rental industry. The company has been awarded a contract worth Rs 6 crore to deploy machinery for Jindal Paradip Port Ltd to PPEL Ltd, a subsidiary of JINDAL GROUP, surpassing 50 per cent of its projected capital expenditure for FY24-25. And has been appointed as an approved vendor for Tata Steel Ltd., solidifying its partnership with one of India's leading steel producers and positioning it to effectively cater to their operational needs.
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Furthermore, shares of the company ex-traded stock split/sub-division of equity shares of the company from the face value of Rs 10 to the face value of Rs 2 per share. The ex-date for the stock split was Tuesday, January 16, 2023.
Trishakti Industries Limited provides infrastructure and oil & gas exploration services. The company engages in multiple business sectors including logistics and infrastructure, oil and gas, food-related items, and agency services. Trishakti Industries serves customers worldwide.
The company has a market cap of over Rs 200 crore with a 3-year stock price CAGR of 200 per cent. In its Quarterly Results and annual results, the company reported positive numbers. The stock gave multibagger returns of 1,100 per cent in 1 year and a whopping 3,800 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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