Multibagger stock below Rs 5: This micro-cap company receives order worth USD 5 million!
The company is expecting to reach sales of around USD 10 million and above after establishing the project.
On Monday, one of the Top Gainers on BSE, shares of Vivanta Industries surged 5 per cent upper circuit to Rs 4.02 per share from its previous closing of Rs 3.83. The stock gave multibagger returns of 124.58 per cent in just 6 months.
Vivanta Industries Ltd informed that the company receives an order worth USD 5 million from Electric Vehicle Organizational Centre North America Corporation (EVOCNA) a state of Delaware Corporation. The order includes an electrical vehicle partnership, a partnership for accelerating the development and commercialization of Electric Vehicle technologies.
The plant will be established in 18-24 months and the software will be developed in 6-12 months from the date of receipt of the order. The company is expecting to reach sales worth approx. USD 10 million and above after establishing the project.
Vivanta Industries Limited (VIL) provides engineering services. The Company offers land survey and procurement, project designing, fiscal studies, funding, and marketing services.
Talking about the financials, this civil construction company has a market cap of Rs 38.30 crore. The company reported excellent numbers in its Quarterly Results and annual results. The net sales skyrocketed per cent and net profit skyrocketed per cent in Q3FY23 over Q2FY22. The stock has a PE of 19.33x and an ROE of 13.24 per cent.
Investors should keep this micro-cap stock under the radar.