Heavy buying and 1,000 per cent returns: Back-to-back upper circuit in this multibagger stock; bags new order from ONGC!

Shares of the company gained more than 100 per cent in the last six months.

Shares of Valiant Communications Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. The stock has gained more than 100 per cent in the last six months.

The company posted brilliant Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 13.31 crore which grew by 42.16 per cent YoY. The operating profit of the company stood at Rs 3.99 crore, while the PAT of the company stood at Rs 2.49 crore, representing an impressive growth of 183.71 per cent YoY. The stock has delivered multibagger returns of over 1,000 per cent in last three years.

Valiant Communications has secured a contract to deploy its beyond the firewall cybersecurity solution for ONGC, a critical infrastructure in India. The solution aims to protect ONGC's network from cyber threats, intrusions, and ransomware attacks. By detecting and responding to intrusions, creating secure perimeters, and providing early warning systems, Valiant's solution will enhance ONGC's cybersecurity posture. This project highlights the importance of a comprehensive cybersecurity strategy beyond traditional firewalls to safeguard critical infrastructure like oil and gas operations.

Valiant Communications is a manufacturer of a comprehensive range of IT and OT products and  solutions which are used to provide end‐to‐end communication,  transmission, protection, synchronization and cyber‐security to Government organizations, Utilities, Defence and the  Transport sectors.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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