Rs 13,235 million order book and FIIs & DIIs increase stake: This multibagger heavy electrical equipment company signs 2 MoUs with BRUSH SEM s.r.o!

The stock gave multibagger returns of 170 per cent in just 1 year and a whopping 1,150 per cent in 3 years.

TD Power Systems Ltd (TDPS) and BRUSH SEM s.r.o (Czech Republic) have entered into 2 agreements on November 8, 2023 in terms of which TDPS will manufacture and supply generators primarily for the oil and gas market based on Baker Hughes BRUSH technology design and TDPS design respectively. The agreements are for 3 year which could be extended by 24 months as may be mutually agreed.

With a rich heritage dating back to 1879, BRUSH has established itself as a leading manufacturer of high-performance turbogenerators, catering to diverse industries such as power generation, oil and gas, petrochemical, and marine applications. Now part of the Industrial & Energy Technology business segment within Baker Hughes, a global provider of energy technology solutions, BRUSH has forged a prestigious agreement that promises mutual benefits, including an expanded presence in the global energy market.

Today, one of the top gains on BSE, shares of TDPS gained 7.84 per cent to an intraday high of Rs 279.95 per share from its previous closing of Rs 259.60 per share. The shares of the company saw a spurt in volume by more than 1.81 times on BSE. The stock’s 52-week high is Rs 288.1 and its 52-week low is Rs 95.90.

TD Power Systems Ltd is engaged in manufacturing AC generators and Electric motors for various applications which are specifically designed to suit the needs of the customers based on their requirements and specifications. The company has market cap of Rs 4,272 crore and as of September 30, 2023, the company’s order book stands at Rs 13,235 million.

As of September 2023, Foreign Institutional Investors (FIIs) have increased their stake from 2.61 per cent to 10.11 per cent and Domestic Institutional Investors (DIIs) have increased their stake from 16.33 per cent to 33.14 per cent while promoters have decreased their stake from 58.43 per cent to 34.27 per cent.

The stock gave multibagger returns of 170 per cent in just 1 year and a whopping 1,150 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

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