Ashish Kacholia-Backed Multibagger Engineering Stock In Green After Bagging Order Worth Rs 30,75,00,000 From Vikram Sarabhai Space Centre
The stock is up by 13.4 per cent from its 52-week low of Rs 173 per share and has given multibagger returns of 540 per cent in 5 years.
Walchandnagar Industries Limited, a renowned engineering company known for its design, engineering & high complex precision manufacturing capabilities with the operational legacy of more than 115 years, has been awarded a firm contract worth Rs 30.75 crore for the fabrication and supply of S139 segment hardware. The contract received from Vikram Sarabhai Space Centre (VSSC) is valid for a period of five years from the effective date of March 28, 2025 or until fourteen months after the supply of the last hardware supplied against this contract.
The contract execution involves fabrication and supply of 5 quantities each of S139 Head End Segment (HES) Hardware, S139 Middle Segment (MS) Hardware and S139 Nozzle End Segment (NES) Hardware of 2.8 meter nominal diameter in Maraging Steel. The raw material required for fabrication shall be supplied to WIL. The department shall have an option to order additional quantities up to a maximum of 3 Segments (HES, MS or NES, or in combination) under the same terms and conditions, by issuing amendments to the contract. WIL will commence delivery of the first S139 End Segment starting six months from the receipt of Free Issue Materials for the Segment.
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About the Company
Walchandnagar Industries Ltd is a heavy engineering and project execution company and has diversified business offerings across core sectors with a focus on EPC / turnkey projects, Hi-Tech manufacturing, engineering products and engineering services. The company is a Small-Cap with a market cap of Rs 1,093.18 crore.
As of September 2024, two ace investors, Ashish Kacholia, own a 2.60 per cent stake in the company. On Tuesday, shares of Walchandnagar Industries Ltd hit a 5 per cent upper circuit to Rs 162.05 per share from its previous closing of Rs 154.35 per share. The stock’s 52-week high is Rs 438 per share and its 52-week low is Rs 142.95 per share. The stock is up by 13.4 per cent from its 52-week low of Rs 173 per share and has given multibagger returns of 540 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice