Heavy buying: Back-to-back upper circuit in this multibagger penny stock; bags new order worth Rs 428 crore!

Shares of the company gained more than 150 per cent in the last six months.

Shares of SEPC Limited were locked in the upper circuit on Thursday, 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 also gained over 150 per cent in the last six months.

The company posted strong Quarterly Results. The company's net sales grew 135.19 per cent year-over-year to Rs 129.18 crore in the second quarter of FY24 while operating profit increased 950 per cent. Net profit for the quarter stood at Rs 5.65 crore, down from Rs 42.20 crore in the same quarter of the previous year. The company has an order book of Rs 1143 crore as of March 31, 2023, with a healthy bid pipeline in excess of Rs 3,000 crore.

Recently, SEPC Limited secured a massive Rs 428 crore contract from the drinking water and sanitation department of the Jharkhand government for the construction of an intake well and related infrastructure. The project will be executed within 27 months and SEPC will also be responsible for operation and maintenance for 5 years.

Shriram EPC Limited (SEPC) is a leading service provider of integrated design, engineering, procurement, construction, and project management services for water and waste-water treatment plants, water infrastructure, process and metallurgy plants, power plants, and mines and mineral processing. The stock has also delivered multibagger returns of over 350 per cent in the last three years.

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.