Multibagger penny stock under Rs 50 in focus as company bags Rs 24.62 crore orders Energy efficiency Services Limited (EESL) a JV of PSUs Under the Ministry of Power
The stock gave multibagger returns of 150 per cent in just 2 years and a whopping 1,375 per cent in 3 years.
Titan Intech Limited, a strategic partner of Kakatiya Energy Systems Private Limited (KES), has secured two significant contract orders from Energy Efficiency Services Limited (EESL), a joint venture of Public Sector Undertakings under the Ministry of Power. These contracts, valued at a combined Rs 24.62 crore, demonstrate Titan Intech's growing prominence in the energy efficiency sector.
The first contract, worth Rs 21.22 crore, entails the design, manufacturing, supply, testing, and commissioning of 6641 Centralized Control and Monitoring System (CCMS) units across India. This comprehensive solution includes a seven-year warranty, on-site spare parts supply, and repair and maintenance services, ensuring seamless operation and longevity of the CCMS units. The second contract, valued at Rs 3.4 crore, focuses on the supply and installation of CCMS spare parts, including contactors, MCBs, digital timers, and I/O terminal blocks, along with the repair and maintenance of existing CCMS units in Greater Hyderabad Municipal Corporation (GHMC). This contract covers 7600 CCMS units and spans a period of eight months.
Earlier, Titan Intech, a key partner of Obel Systems, has achieved a major milestone by securing a contract from the Uttar Pradesh government to implement the WINDS project. This Rs 397.93 crore project involves installing 27,939 weather stations across 36 districts to improve weather data collection and dissemination. Titan Intech will play a crucial role in the project's execution, leveraging its expertise and financial support to ensure its timely and successful completion.
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About the Company
Established in 1984, Titan Intech Ltd (TIL) has emerged as a leading player in the realm of IT and data center solutions. Initially focused on manufacturing threads, TIL strategically shifted its focus to the IT sector, forming alliances with industry experts. Today, the company offers a comprehensive range of services, including cloud solutions, disaster recovery, managed services and robust security measures.
TIL's commitment to excellence is evident in its diverse clientele, which includes prominent names such as Ajel Limited, Bridgetown Consulting Group, and Global Data Tek. By providing reliable and efficient IT infrastructure and data center solutions, TIL has earned the trust and loyalty of its customers, solidifying its position as a trusted partner in the industry.
On Thursday, shares of Titan Intech Ltd plunged 2.13 per cent to Rs 41.84 per share from its previous closing of Rs 42.75 with an intraday high of Rs 43.80 and an intraday low of Rs 41. The stock’s 52-week high is Rs 75 and its 52-week low is Rs 28.53. The shares of the company saw a spurt in volume by more than 1.31 times on BSE. The company has a market cap of Rs 127 crore. The stock gave multibagger returns of 150 per cent in just 2 years and a whopping 1,375 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.