Multibagger in just 1 year: Shares of this company hit upper circuits and a new 52-week high as it receives orders worth Rs. 82.74 crore!
The stock gave multibagger returns of 150 per cent in just 1 year whereas BSE small-cap index rose by only 3.50 per cent.
On Thursday, shares of Kilburn Engineering Ltd surged 5 per cent upper circuit to Rs 99.91 per share. At 03:30 pm, shares of the company ended the day in green, up 3.47 per cent to Rs 98.46 per share. The share also traded at a new 52-week high of Rs 99.91.
Kilburn Engineering informed BSE, that the company has been awarded orders worth Rs. 82.74 crore. The order consists of paddle dryers and coolers (worth Rs 8.62 crore), fluidized bed dryers (worth Rs 3.40 crore), rotary calciners with accessories for intermediates of API (worth Rs 68.90 crore), vibrating fluid bed dryers for the tea industry (worth Rs 1.65 crore) and spares and service orders (worth Rs 0.47 crore).
Kilburn Engineering Ltd is engaged in designing, manufacturing and commissioning customized equipment/systems for critical applications in several industrial sectors like chemical, steel, nuclear power, petrochemical & food processing, etc.
The company reported excellent results in both quarterly and annual financial statements. The shares of the company saw a spurt in volume by more than 2.88 times on BSE.
The company's stock price has risen dramatically and has made consecutive 52-week highs over the past trading sessions. The stock gave multibagger returns of 150 per cent in just 1 year whereas BSE Small-Cap index rose by only 3.50 per cent. This capital goods stock should be monitored.