5:1 Stock Split: Multibagger stock hit upper circuits as company secured the largest contract worth Rs 60 million for Jindal Paradip Port Ltd
The stock gave multibagger returns of 1,390 per cent in 1 year and a whopping 3,000 per cent in 5 years.
On Wednesday, shares of Trishakti Industries Ltd were locked in a 2 per cent upper circuit to Rs 122.10 per share from its previous closing of Rs 119.75. The stock’s 52-week high is Rs 127.05 and its 52-week low is Rs 7.13. The shares of the company saw a spurt in volume by more than 1.30 times on BSE.
Trishakti Industries Ltd. has achieved a major milestone by securing the largest contract in its history. The company will deploy machinery worth Rs 60 million for JINDAL PARADIP PORT LTD to PPEL Ltd, a subsidiary of JINDAL GROUP. This contract surpasses 50 per cent of the projected capital expenditure for the financial year 2024-25, marking a significant step forward in their growth strategy. This achievement solidifies Trishakti Industries Ltd.'s position in the infrastructure equipment rental industry and demonstrates its commitment to providing high-quality services.
Prior to this major contract, Trishakti Industries Ltd also secured a significant work order with KEC International Ltd. This contract involves the deployment of specialized machinery for their operational needs, with a total value of Rs 25 million. This collaboration reinforces Trishakti Industries Ltd.'s reputation as a reliable partner in the infrastructure and heavy machinery rental sector.
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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 180 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 1,390 per cent in 1 year and a whopping 3,000 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.