Dheeraj Kumar Lohia's Portfolio Multibagger Stock Hits 52-Week High, Company Bags International Order

The company's stock has delivered an impressive multibagger return of over 300 per cent in the past one year

Ceinsys Tech Limited, part of the Meghe Group of Institutions conglomerate, that provides engineering, geospatial, and IT solutions, has made a significant announcement regarding orders received by the company.

Order Details:

As outlined in the press release details, the company has secured a service order from an international entity, Fugro USA Land Inc. This order pertains to the extraction of all assets across a span of 15,581 miles for the New Mexico 2023/2024 Lidar project.

The project's total value is Rs. 5,26,28,995 (Rupees Five Crore Twenty-Six Lakhs Twenty-Eight Thousand Nine Hundred Ninety-Five Only).

Share Performance:

Today, the company's shares commenced trading at Rs 595.45 per share, which is higher compared to the preceding day's closing figure of Rs 565.45 per share. During the intraday trading session, the stock reached highs and lows of Rs 604.70 and Rs 544 respectively. Eventually, the company's shares concluded at Rs 598.05 per share on the BSE representing a gain of 5.77 per cent compared to the last day’s closing price.

The market capitalisation of the company stands at Rs 922.87 crore. Additionally, the stock has delivered an impressive return of over 339 per cent in the past year and around 360 per cent return in the past three years.

In terms of ownership, the promoter holds 58.61 per cent, while Foreign Institutional Investors (FIIs) hold 0.05 per cent, and the remaining 41.34 per cent is held by public investors, as per the most recent update. Out of this 41.34 per cent, 1.14 per cent is held by the super investor Dheeraj Kumar Lohia.

Business Overview:

Ceinsys Tech Limited, a part of the conglomerate Meghe Group of Institutions, provides engineering, geospatial, and IT solutions. It was incorporated in 1998 and specializes in designing, capturing, storing, analyzing, and managing all types of geographical data. Its services include GIS, Remote Sensing, LiDAR (Light Detection and Ranging), Photogrammetry, Energy systems, and solutions, etc. CTL has one subsidiary, ADCC Infocom Private Limited, involved in activities such as software engineering, software development, business computing, etc.

Investors must keep this stock on their radar.