145 per cent returns: This multibagger micro-cap company bags new order worth Rs 280 crore from The Tinplate Company of India Ltd!
The stock gave multibagger returns of over 200 per cent in 1 year and a whopping 1,000 per cent in a decade.
John Cockerill India Ltd informed that the company received a new order worth Rs 280 crore from The Tinplate Company of India Ltd. The order includes engineering, design, manufacture and supply of plant & equipment for a continuous annealing line to be installed at the client's Jamshedpur plant and also the supervision of the erection of the line. The order is required to be completed by the company over a period of 28 months from the effective date.
John Cockerill India is a company that makes machines and equipment for the metal and chemical industries. It is part of a larger company called the John Cockerill Group. John Cockerill India has factories in Maharashtra and sells its products all over the world.
According to Quarterly Results, the net sales increased by 491 per cent to Rs 221.16 crore and net profit increased by 182 per cent to Rs 4.34 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales increased by 27 per cent to Rs 484 crore and net profit increased by 160 per cent to Rs 13 crore compared to FY22.
Today, shares of John Cockerill gained 2.90 per cent to Rs 2,949.15 per share with an intraday high of Rs 2,964.90 and an intraday low of Rs 2,765. The stock’s 52-week high is 3,290 and its 52-week low of Rs 1,135.65.
The stock gave multibagger returns of over 200 per cent in 1 year and a whopping 1,000 per cent in a decade. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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