Multibagger penny stock under Rs 20 in focus as company bags new orders worth Rs 8,29,54,000 from JSW Renew Energy (Kar) Ltd & JSW Renew Energy Three Ltd
The stock gave multibagger returns of 147.40 per cent from its 52-week low of Rs 6.90 per share.
On Thursday, shares of Sharika Enterprises Ltd plunged 4.53 per cent to Rs 17.07 per share from its previous closing of Rs 17.88 per share with an intraday high of Rs 18.47 per share and an intraday low of Rs 16.99 per share. The stock’s 52-week high of Rs 32.48 per share and its 52-week low is Rs 6.90 per share. The company has a market cap of Rs 72 crore.
Sharika Enterprises Limited has secured orders totaling Rs. 8,29,54,000 from JSW Renew Energy (Kar) Limited and JSW Renew Energy Three Limited. The orders include installation and commissioning of underground cables at Kudaligi KA project, supply of underground cables at Kudaligi KA and Lohara MH projects, and installation and commissioning of underground cables at Lohara MH project. All the orders are domestic and need to be completed within 3-4 months from the date of advance payment.
The breakdown of the orders are as follows:
- JSW Renew Energy (Kar) Limited:
- Installation & Commissioning of underground cable at Kudaligi KA project - Rs. 1,12,10,000.
- Supply of Underground Cable at Kudaligi KA project - Rs. 3,05,62,000.
- JSW Renew Energy Three Limited:
- Supply of Underground Cable at Lohara, MH project - Rs. 2,99,72,000.
- Installation & Commissioning of underground cable at Lohara, MH project - Rs. 1,12,10,000.
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About Sharika Enterprises Ltd
Sharika Enterprises Ltd., boasting a rich legacy of decades in the power sector with expertise in transmission and distribution, is committed to driving innovation and ushering in a transformative era in the industry. Their visionary goal is to evolve the sector into a futuristic 'Smart Grid,' harnessing state-of-the-art technologies and sustainable solutions. The company has also made remarkable strides in the solar power sector. Actively collaborating with governmental bodies, PSUs, schools, private sectors, and more, Sharika Enterprises has successfully implemented a large number of solar PV projects in the last 4-5 years. Their portfolio includes a range of pioneering solar solutions such as Grid-connected solar PV Systems, Off-Grid Solutions, Hybrid Solutions with Battery Backup, Battery Energy Storage Systems, EV Charging Systems, Micro Grids, Real-Time Monitoring of solar Plants and Solar Street Lights.
The stock gave multibagger returns of 147.40 per cent from its 52-week low of Rs 6.90 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.