52-week high alert: This small-cap civil construction company has delivered 800 per cent returns in three years!
Shares of this company jumped more than 6 per cent on Friday.
On May 12, 2023, Power Mech Projects Limited made a new 52-week high, gaining more than 6 per cent in on Friday. In the last one month, shares of the company have gained more than 25 per cent. On Friday, the stock opened at Rs 2987.40, with a high and low of Rs 3212 and Rs 2976.35. The stock closed trading at Rs 3160, up by 6.26 per cent.
The stock has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 335.40. on May 15, 2020, to Rs 3160 on May 11, 2023, an increase of more than 840 per cent. The stock has shown tremendous growth and has given multibagger returns to its shareholders in three years holding period.
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Power Mech Projects is engaged in the business of engineering and construction, which specializes in the installation, testing, and commissioning (ETC) of boilers, turbines, and generators, as well as a balance of plant (BOP), civil works, and operation and maintenance (O&M). The firm works on ultra mega power, supercritical thermal power, and subcritical power projects.