8,000 Per Cent Multibagger Returns: Machine Supplier Bags New Order Worth Rs 2,00,00,000 From Jindal Stainless’s for Ongoing SMS and Blast Furnace Project
The stock gave multibagger returns of 500 per cent in 1 year, 3,866 per cent in 5 years and a whopping 8,000 per cent in 10 years.
Trishakti Industries Limited has successfully secured a substantial contract from Jindal Stainless Limited. This significant win involves the deployment of machines valued at Rs 2 crore to support Jindal Stainless's ongoing SMS and Blast Furnace project. This contract underscores Trishakti's commitment to providing high-capacity equipment for large-scale infrastructure projects, solidifying its position in the sector. The company anticipates a positive impact on its financial performance in the upcoming quarters as a result of this contract.
Earlier, the company successfully secured a pivotal contract from ITD Cementation India Limited (ITD CEM) for the second phase of the Chennai Metro Project. This significant win underscores the company's dedication to providing cutting-edge, high-capacity equipment for large-scale infrastructure projects. By deploying machinery valued at Rs 2 crore, Trishakti Industries Limited will directly support ITD CEM's ongoing infrastructure endeavours.
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Trishakti Industries Limited provides infrastructure and oil & gas exploration services. The company engages in multiple business sectors including logistics and infrastructure, oil and gas, food-related items, and agency services. Trishakti Industries serves customers worldwide.
The company has a market cap of over Rs 200 crore with a 3-year stock price CAGR of 200 per cent. The stock gave multibagger returns of 500 per cent in 1 year, 3,866 per cent in 5 years and a whopping 8,000 per cent in 10 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.