Multibagger penny stock under Rs 60: This micro-cap company bags new orders worth Rs 67.75 crore!

Shares of the company gained more than 200 per cent in the last six months.

On September 12, 2023, Jyoti Limited informed in the exchange filing that the company has secured an order of Rs 7.25 crore for the supply of a 3x500 KW Turbine, Generator along with accessories from the Government of Arunachal Pradesh, office of the Executive Engineer, Bomdila Hydro Power Division-I, Department of Hydro Power Development, Bomdila.

Earlier on, September, 01,2023, the company secured an order worth Rs 41.00 crore for the design, manufacturing, supply and supervision of the erection & commissioning of 32 Nos. vertical turbine pumps along with 32 Nos. HT induction motors with spares from Megha Engineering & Infrastructures Limited, Hyderabad for Southern Link Projects, Gujarat.

Recently, the company also received an order worth Rs 19.50 crores. The order is from JSIW Infrastructure Private Limited, Ahmedabad for the design, engineering, and supply of vertical turbine pump & HT motor sets including maintenance for the Saran pipeline project and Dantewada.

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Jyoti Limited has also delivered multibagger returns of about 360 per cent in just one year holding period. While, in the last six months, the stock gained more than 200 per cent.

Jyoti Limited is an India-based engineering which provides products and services to clients in India and in the international market. The company offers its products to power (thermal, hydel and nuclear) generation, transmission and distribution, and agriculture, by providing irrigation through pumping systems, water supply and sewerage schemes, defence-particularly naval and marine.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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