Non-stop 22 consecutive upper circuit: Multibagger small-cap hits a 52-week high; the order book has reached new heights!
The stock, much like Virat's prowess on the pitch, has delivered a staggering multibagger return of 586 per cent in the last year
In the realm of cricket, Virat Kohli's daily routine reads like a script for success: Wake-up, Eat, Hit-Century/Half-Century, Sleep, and Repeat! Strikingly, mirroring this relentless pursuit of excellence is the daily rhythm of a stock that has not just hit the upper circuit for a few trading sessions but has achieved an extraordinary feat—22 consecutive upper circuits. Meet the standout performer: Rajoo Engineers Ltd.
Rajoo Engineers has emerged as a global powerhouse in blown film and sheet extrusion lines, carving out an unparalleled position in the market. With a laser focus on blown film, sheet extrusion lines, and Thermoformers, the company has set itself apart through technological prowess, product innovations, world-class quality, and cutting-edge automation. These elements have propelled Rajoo's products onto the global stage, competing head-to-head with established industry leaders.
Having expanded its influence to numerous countries worldwide, Rajoo Engineers boasts customers in over 70 nations, a testament to its success since making its mark on the international scene in 1990. The stock, much like Virat's prowess on the pitch, has delivered a staggering multibagger return of 586 per cent in the last year, capturing the attention of investors and enthusiasts alike.
A new chapter in Rajoo's success story unfolds as the company embarks on the construction of an impressive 18,000 sq feet factory shed on three recently acquired industrial plots in Rajkot. This facility is not just a building; it is set to be a cornerstone in Rajoo Engineers' relentless pursuit of technological advancement and operational efficiency. Inside its walls will reside state-of-the-art machinery, creating an environment conducive to groundbreaking research, development, and manufacturing of high-quality plastic extrusion solutions.
The financial scoreboard further underscores Rajoo's triumph, with Q2 FY24 reporting a remarkable revenue from operations of Rs. 53.53 crore, a staggering 59.16 per cent YoY increase from Rs. 33.63 crore in Q2 FY23. This surge is attributed to heightened production, full-swing dispatches, a robust order book, and unwavering delivery commitments.
Khushboo Chandrakant Doshi, the Managing Director of Rajoo Engineers Ltd, encapsulates the company's ethos, stating, "Our order book has reached new heights, reflecting the trust and confidence our customers place in our solutions. We are committed to ensuring that these orders are fulfilled promptly and with the highest standards of quality, further solidifying our reputation in the market." In the dynamic world of stocks, Rajoo Engineers stands out as a true champion, hitting the upper circuit not just in the market but also in the hearts of investors.
Disclaimer: The article is for informational purposes only and not investment advice.
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