5:1 Stock Split: Multibagger stock hit upper circuits & 52-week high as company has been successfully appointed as an approved vendor for Tata Steel Ltd

The stock gave multibagger returns of 1,680 per cent in 1 year and a whopping 3,355 per cent in 5 years.

On Friday, shares of Trishakti Industries Ltd were locked in a 2 per cent upper circuit to Rs 139.95 per share from its previous closing of Rs 137.25. The stock also made a new 52-week high of Rs 139.95 and its 52-week low is Rs 7.49.

Trishakti Industries Ltd. has achieved a significant milestone by being appointed as an approved vendor for Tata Steel Ltd., one of India's largest and most prestigious steel producers. This strategic partnership underscores our commitment to providing top-tier infrastructure solutions and positions us to effectively cater to Tata Steel's extensive operational needs across the country. This achievement marks another step forward in our mission to expand our partnerships with industry leaders and reinforces our capability to deliver excellence in equipment rental services.

Earlier, the company achieved a major milestone by securing the largest contract in its history, surpassing 50 per cent of its projected capital expenditure for FY24-25. The company will deploy machinery worth Rs 60 million for Jindal Paradip Port Ltd to PPEL Ltd, a subsidiary of JINDAL GROUP. This contract solidifies Trishakti's position in the infrastructure equipment rental industry and demonstrates its commitment to providing high-quality services. Additionally, the company secured a significant work order with KEC International Ltd, deploying specialized machinery worth Rs 25 million. These contracts reinforce Trishakti's reputation as a reliable partner in the infrastructure and heavy machinery rental sector.

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 promoters of the company bought 14,779 shares and increased their stake to 36.55 per cent in June 2024 compared to March 2024. The stock gave multibagger returns of 1,680 per cent in 1 year and a whopping 3,355 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.