Multibagger stock below Rs 60: This small-cap company receives an order worth Rs 143 crore!
The stock gave multibagger returns of 117.56 per cent in just 6 months, while the BSE Small-cap Index rose 9.10 per cent.
Today, shares of Salasar Techno Engineering Ltd surged 3.26 per cent from its previous closing of Rs 52.15 to Rs 53.85 per share. The company recently informed the exchange that it received an order worth Rs 143 crore from Nepal Electricity Authority (NEA), a Foreign Country.
The project includes the procurement of material equipment, associated accessories and necessary installation services including design, erection, testing and commissioning of 33/11 KV substations and 33 KV, 11 KV, 400 V lines and distribution system networks in Dang, Rukum East and Baitadi Districts of Nepal. The above order strengthens their existing order book and will be executed in the next 24 months and also received a Letter of Intent (LOI) for the same.
Established in 2006 as a tower manufacturer, Salasar Techno Engineering Ltd, has emerged as a fast-growing steel structure manufacturer & EPC infrastructure company, providing services across the telecom, energy and railways sector.
Talking about the financials of the company, Salasar Techno Engineering has a market cap of 1,641.47 crore with a 1-year CAGR of 111 per cent. The company has reported positive results in its quarterly and annual financial statements. Furthermore, the company is rapidly expanding and receiving back-to-back orders from a variety of sources.
The stock gave multibagger returns of 117.56 per cent in just 6 months, while the BSE Small-Cap Index rose 9.10 per cent respectively. Investors should keep an eye on this small-cap stock.