Multibagger stock below Rs 25: Shares of this micro-cap stock surged over 8 per cent after receiving an order worth Rs 10 crore!
The stock gave multibagger returns of 397.85 per cent from its 52-week low of Rs 4.65.
On Friday, shares of SBC Exports Ltd surged 8.68 per cent from their previous closing of Rs 17.09 per share to a new 52-week high of Rs 23.15. At 03:30 pm, shares of the company ended the day in green, up 7.46 per cent to Rs 22.89 per share.
Recently, SBC Exports Ltd received a work order for providing clerical and Multi- Tasking Staff (MTS) including laboratory attendant services has been awarded from the University of Delhi. The aggregate purchase order cost of the work order is Rs 10 crore for two years.
In the financial year 2023-2024, the company has received multiple work orders totalling Rs 13,21,44,032 including the above order. The shares of the company saw a spurt in volume by more than 1.69 times on BSE.
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SBC Exports Ltd was incorporated in 2011 with a market cap of Rs 484.55 crore. It is engaged in the trading & manufacturing of garments, manpower supply services and tour operator services. Currently, the company has 70 distributors in India and receives an average of 75 new projects every year. The corporation has reported excellent results in its quarterly and annual financial statements.
The stock gave multibagger returns of 397.85 per cent from its 52-week low of Rs 4.65. Investors should keep an eye on this small-cap