Vijay Kedia's investment in this multibagger micro-cap stock doubled, gains Rs 15,59,68,933 in just 15 weeks with order book worth Rs 2,805 crore; scrip hit upper circuit!

The stock is up by 200 per cent in just 1 year whereas BSE Sensex Index is up by 16.3 per cent.

Indian stocks tumbled on Monday, with the Sensex and Nifty-50 indices experiencing significant losses. The Sensex plunged by 0.24 per cent while the Nifty-50 nosedived by 0.18 per cent.

Though the market was in red, one mutibagger penny stock got locked in a 5 per cent upper circuit at Rs 124.95 per share from its previous closing of Rs 119. The stock’s 52-week high is Rs 127.70 and its 52-week low is Rs 29.70. The stock gave multibagger returns of over 300 per cent from its 52-week low.

Before we reveal the penny stock name, let's take a look at how the ace investor, Vijay Kedia’s investment in this multibagger micro-cap stock doubled to Rs 15,59,68,934 in just 15 weeks. Here are the details:

Vijay Kedia, a renowned investor, struck gold with a multibagger micro-cap stock, doubling his investment of Rs 15,21,46,771 (approximately Rs 15.21 crore) to Rs 30,81,15,704 (approximately Rs 30.81 crore) in just 15 weeks. Kedia Securities, his firm, bought 24.66 lakh shares at Rs 61.70 each on September 04, 2023. As of today, December 18, the stock price has soared to Rs 124.95, translating to a staggering portfolio gain of Rs 15.59 crore for Kedia.

Therefore, in just 15 weeks, Kedia Securities Ltd.’s portfolio gained by Rs 15,59,68,933 (Rs 30,81,15,704 - Rs 15,21,46,771). This windfall exemplifies Kedia's sharp eye for identifying hidden gems in the market, showcasing the potential for exponential returns in micro-cap stocks.

Earlier, in a win-win scenario, the company pocketed Rs 45.59 crore from NTPC Ltd., finally settling a protracted arbitration dispute over the Tapovan Vishnugad Hydroelectric project, thanks to the Indian government's "Vivaad se Viswas" scheme. Praising the scheme's efficiency and cost-effectiveness, the company's Managing Director sees it as a game-changer for resolving contractual disputes, minimizing financial losses for both contractors and the government.

This company is on fire! Q2FY24 saw their net sales skyrocket 184 per cent to Rs 279 crore, with net profit tripling to Rs 23 crore. The first half wasn't any cooler - net sales doubled to Rs 546 crore and net profit increased tenfold to Rs 37 crore. And hold onto your hats - they've got Rs 2,805 crore worth of orders in their pocket, 3.55 times their annual revenue from last year. This future-proof backlog fuels their ambition.

This powerhouse also boasts attractive valuations. At Rs 1,203 crore, their market cap is just a warm-up. And their stock price? It's been on a tear, growing 81 per cent annually for the past three years. Plus, the shares of the company have a PE ratio of 16.8x is a steal compared to the industry average of 39.7x.

The stock name that is causing all the excitement is OM INFRA LTD.

Om Infra Ltd is a conglomerate with diverse interests in infrastructure, including hydro-mechanical equipment, turnkey steel fabrication solutions, hydropower development, real estate, entertainment centres, and hotels. It is a flagship company of Om Kothari Group.

The stock is up by 200 per cent in just 1 year whereas BSE Sensex Index is up by 16.3 per cent. The stock has been a multibagger over the past 3 years, with a return of over 500 per cent.

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