The stock gave multibagger returns of 1,900 per cent in 2 years and a whopping 3.900 per cent in 3 years.

The market capitalization of BSE-listed companies was Rs 3,22,50,00 crore or approx. Rs 322 lakh crore as of October 12, 2023. 

The company has a market cap of Rs 551.29 crore. In H2FY23, the net sales increased by 179 per cent to Rs 67 crore compared to H2FY22. The company reported a net profit of Rs 6 crore in H2FY23.

Shares of this company have gained more than 200 per cent in the last six months.

The Management added, “The MoU signifies a significant step towards fostering technological innovation and collaborative efforts in the Electricity Distribution and Energy Sector. We believe that this strategic partnership will contribute to the advancement of the industry and bolster our commitment to providing cutting-edge solutions.”

Investors' attention has been drawn to the stock as a result of back-to-back upper circuits.

Shares of this company are trading at a PE multiple of 4.42 and an ROE of 49.7 per cent, all of which point to strong managerial performance.

It is the largest enclosure manufacturing company in India. It is the only enclosure-focused company, with end-to-end solution providers for electrical theft and accident protection.   

By hitting back-to-back upper circuits, the stock has skyrocketed more than 750 per cent year-to-date!

BSE Smallcap index relatively unperformed broader markets by falling 1.20 per cent to end at 26,417.91.