Penny stock under Rs 100: Machine parts company bags order worth Rs 6,84,00,000 from Bonfiglioli Transmission Pvt Ltd

The stock is up by 69.5 per cent from its 52-week low of Rs 59 per share.

Kranti Industries Limited announced the receipt of a significant purchase order (Sample Order) numbered 9810376, from a new domestic customer, Bonfiglioli Transmission Private Limited. This order marks the company's entry into a new product segment focused on the development of Industrial Machine Parts, specifically Heavy-Duty Gearboxes. The expected annual business from this order is valued at approximately Rs 6.84 crore and the execution timeline will be as per the terms outlined in the purchase order.

About the Company

Kranti Industries Limited (KIL), a BSE-listed company with over four decades of experience, is a globally recognized precision component manufacturer. Holding IATF 16949:2016 and ISO 9001:2015 certifications, KIL caters to leading OEMs in tractors, construction equipment, automotive, and electric vehicle sectors. With three advanced facilities in Pune equipped with 80 production machines and state-of-the-art machining centres, KIL provides end-to-end solutions, showcasing its expertise in crafting innovative components.

Talking about the financials, Kranti Industries has a market cap of over Rs 120 crore. According to the shareholding pattern, the promoters of the company own a 63.10 per cent stake in the company and the rest of the 36.90 per cent stake is owned by the public with a total of 3,494 shareholders as of February 2024.

On Wednesday, shares of Kranti Industries Ltd gained 2.85 per cent to Rs 100 per share from its previous closing of Rs 97.23 per share. The stock is up by 69.5 per cent from its 52-week low of Rs 59 per share and investors should keep an eye on this stock.

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