Mulltibagger penny stock under Rs 15: This micro-cap company receives new order worth Rs 19.46 crore from Jaipur Development Authority!

The stock is up by 38.55 per cent in 3 months and gave multibagger returns of over 100 per cent in 3 years.

Aksh Optifibre Limited informed the exchanges (BSE Scrip Code: 532351; NSE Scrip Code: AKSHOPTFBR) that the company received a new order worth Rs 19.56 crore (inclusive of GST) from Jaipur Development Authority (JDA), Jaipur. The order includes all software, hardware, P2P connectivity and required internet bandwidth for maintaining the whole system live and functional. The order will be completed within 24 months i.e., by October 13, 2023.

Earlier, the company received a work order for the conversion of existing HPSV and normal LED lighting systems into smart LED lighting systems which are installed by Jaipur Development Authority at various locations beyond the Jaipur Nagar Nigam jurisdiction amounting to Rs 13.43 crore inclusive of GST.

Aksh Optifibre Limited (AOL) produces a wide range of products, including optical fibre, optical fibre cable, fibre-reinforced plastic rods, impregnated glass roving reinforcement, and ophthalmic lenses. AOL caters to both domestic and international markets and also provides e-governance services, smart city/turnkey solutions, and FTTH.

On Wednesday, shares of Aksh Optifibre Ltd gained 1.77 per cent to an intraday high of Rs 11.50 per share. The stock’s 52-week high is Rs 13.37 and its 52-week low is Rs 8.01.

The stock is up by 38.55 per cent in 3 months and gave multibagger returns of over 100 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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