Multibagger penny stock at Rs 80 & promoters increase stake: This auto ancillary company receives order worth Rs 1,02,30,010 from CNH Industrial (India) Pvt Ltd

. The stock is up by 17.4 per cent from its 52-week low of Rs 65.20 per share and gave multibagger returns of 290 per cent in just 3 years.

Kranti Industries Limited (KIL), a renowned manufacturer of auto ancillary components, has achieved another milestone by securing a substantial order from CNH Industrial (India) Private Limited, a global leader in capital goods. This collaboration is marked by a Nomination Letter (RT 1001406) and a significant purchase order valued at approximately Rs 1,02,30,010 (Rupees One Crore Two Lakhs Thirty Thousand and Ten Only).

The order entails the supply of an F28 Balancer Box, along with all necessary tooling required for its production. This strategic win not only reinforces KIL's reputation for exceptional precision and reliability in component manufacturing but also paves the way for the company's expansion into a new product line. This move demonstrates KIL's agility and commitment to catering to the diverse needs of its clientele.

Established in 1981, Kranti Industries Limited (KIL) is a leading manufacturer of precision components in the auto ancillary sector, boasting over 40 years of experience. Recognized for its high-quality products and global reach, KIL is a BSE-listed company with IATF 16949:2016 and ISO 9001:2015 certifications. They specialize in creating innovative parts for major OEMs in the Tractor, Construction Equipment, Automotive, and Electric Vehicle industries, offering end-to-end services. KIL operates three state-of-the-art facilities in Pune equipped with 80 production machines and advanced inspection setups, including world-class machining centers like multi-axis machining centers, CNC turning centers, vertical turret lathes, horizontal machining centers, and vertical machining centers.

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Talking about the financials, Kranti Industries has a market cap of Rs 87.37 crore with a 3-year stock price CAGR of 60 per cent. According to the shareholding pattern, the promoters of the company own a 68.89 per cent stake in the company and the rest 31.10 per cent stake is owned by the public with a total of 3,757 shareholders as of March 2024. The promoters increased their stake to 69.03 per cent in March 2024 compared to 68.89 per cent in December 2023.

Today, shares of Kranti Industries Ltd surged 3.22 per cent to Rs 76.57 per share with an intraday high of Rs 77 per share and an intraday low of Rs 73 per share. The stock is up by 17.4 per cent from its 52-week low of Rs 65.20 per share and gave multibagger returns of 290 per cent in just 3 years.

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