Heavy buying and Rs 7,100 million order book: Back-to-back upper circuit in this multibagger stock; gains over 300 per cent!

Shares of the company have gained more than 60 per cent in the last six months.

Shares of Ceinsys Tech Limited were locked in the upper circuit on Wednesday, 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. In the last six months, the stock has gained more than 60 per cent.

The company posted robust Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 78.27 crore which increased by 7.29 per cent YoY. The operating profit of the company stood at Rs 13.79 crore, while the PAT of the company stood at Rs 7.22 crore, which decreased by 59.96 per cent YoY. The company has an order book of Rs 7,100 million as of 31^st March 2024.

Recently, Ceinsys Tech Limited has received a welcome extension on two major projects awarded by the State Water and Sanitation Mission (SWSM) in Uttar Pradesh. These projects involve Ceinsys Tech acting as a consultant for Third Party Inspection (TPI) and monitoring physical and financial progress for rural water supply projects in Lucknow and Devipatan clusters. The shares of Ceinsys Tech Limited have also delivered multibagger returns of over 300 per cent in the last three years

Ceinsys Tech Limited headquartered at Nagpur, is a solution provider offering Geographical Information Services (GIS) and Engineering Solutions. CTL specializes in designing, capturing, storing, manipulating, analyzing and manage all types of geographical data. Its services include GIS, Remote Sensing, LiDAR (Light Detection and Ranging), Photogrammetry, Energy System and solutions, Engineering Design Services, Surveys and Customized Application Development.

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.