Multibagger from its 52-week low: This micro-cap company bags new order worth Rs 1,30,40,000 from Master Moulds Pvt Ltd

The stock gave multibagger returns of 185 per cent from its 52-week low of Rs 130 per share.

Master Components Limited has awarded a contract worth approximately Rs 1,30,40,000 (excluding tax) to its group company, Master Moulds Private Limited, for the purchase of injection moulds. This domestic transaction is valued at an arm's length price and is part of the company's business expansion plans. Payment terms include a 30 per cent advance against the purchase order and the remaining 70 per cent upon sample approval. The moulds are expected to be delivered by November 2024.

Earlier, the company entered into a contractual agreement with a domestic Indian entity for the purchase of a Down Stroke Hydraulic Compression Press. This equipment is intended to support the company's expansion plans and upcoming projects. The total value of the order, excluding taxes, is approximately Rs 14,00,000. The payment terms stipulated in the contract require a 50 per cent advance payment and the remaining 50 per cent to be settled against a proforma invoice before shipment. The press is expected to be delivered by August 2024.

Master Components Limited is a manufacturing company established in 1999 that specializes in creating plastic engineering components and sub-assemblies. The company's core business involves transforming materials into new products through various moulding techniques. Their production facilities, located in Nashik, India, are equipped to handle a wide range of component sizes, catering to the diverse needs of the electrical, medical, industrial, and automotive sectors. Renowned companies such as Siemens, Schneider Electric, and Atlas Copco are among their clientele.

The company has a market cap of Rs 148 crore. On Monday, Master Components Limited plunged 2.62 per cent to Rs 370.05 per share. The stock gave multibagger returns of 185 per cent from its 52-week low of Rs 130 per share. Investors should keep an eye on this micro-cap stock.

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

Also Read: 1:4 bonus shares announced: Multibagger solar power stock with 21,813 per cent returns, hit back-to-back upper circuits & 52-week highs!