Heavy Electrical Equipment Company Bags New Orders Worth Rs 2,466.48 Lakh From Karan Development Services Pvt Ltd & Soham Mannapitlu Power Pvt Ltd

The stock gave multibagger returns of 160 per cent in just 1 year and a whopping 2,565 per cent in 5 years.

Jyoti Limited has secured a Letter of Intent (LOI) worth Rs 1,616.48 lakh (excluding GST) from Karan Development Services Pvt Limited to design, manufacture, supply, test, and commission 11 pumps with HT Motors for the Handia Barrage project in Madhya Pradesh. The execution period for this project is estimated to be 8-9 months. There are no related party transactions involved in this order, and the promoter/promoter group/group companies have no interest in Karan Development Services Pvt Limited.

In addition, the company has secured a significant order worth Rs 850 lakh (excluding GST) for the refurbishment and replacement of various electro-mechanical equipment in the 3 x 5 MW Mannapitlu Mini Hydel Plant located in Karnataka. The order has been awarded by Soham Mannapitlu Power Private Limited. The project involves the replacement of critical components within the plant, such as turbines, generators, and control systems, to enhance its operational efficiency and reliability. The order is domestic in nature, with all work to be carried out within India. The project is expected to be completed by April 16, 2025.

On Friday, one of the Top Gainers on BSE, shares of Jyoti Ltd hit 10 per cent upper circuit to Rs 150.33 per share from its previous closing of Rs 136.67 per share. The stock’s 52-week high is Rs 159.90 per share while its 52-week low is Rs 44 per share.

Jyoti Ltd offers hydraulic and electrical products and services and designs and manufactures a wide range of Pumps and EPC Pumping Systems from concept to commissioning. The company is comprised of 2 divisions viz. project division and the switchgear division.

Jyoti Ltd has a market cap of Rs 252 crore and has delivered good profit growth of 32.1 per cent CAGR over the last 5 years. The stock gave multibagger returns of 160 per cent in just 1 year and a whopping 2,565 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

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

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