Penny stock under Rs 100: This micro-cap multibagger stock bags new order worth Rs 36 crore from a leading domestic tractor manufacturer!

Shares of this company have given more than 50 per cent returns in the last six months.

Pritika Engineering, a leading Indian casting manufacturer for tractors and commercial vehicles, secured a significant Rs. 36 crore order from a major domestic tractor maker. This substantial deal underscores Pritika's strong market position and reaffirms its longstanding partnership with industry leaders. The contract solidifies Pritika's role as a key player in the casting sector, showcasing its commitment to quality and customer satisfaction.

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Following the positive news, shares of Pritika Engineering Limited gained over 7.00 per cent. The stock has witnessed heavy buying activity from investors today. Pritika Engineering Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 32.50 on 23 February 2023 to Rs 86.00 on 23 February 2024, an increase of 165 per cent in the last one-year holding period.

Pritika Engineering Components Limited is a part of Pritika Group of Industries. The company is engaged in the business of manufacturing precision machined components primarily for the automotive industry, especially for tractors, trucks, and other commercial vehicles, etc.

The company caters to the tractor industry in the automotive sector, as a major supplier to the Original Equipment Manufacturers. The company manufactures various Tractors & Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing & Front Engine Supports, etc.

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