Hot Stock: This auto manufacturing company receives order worth Rs 180 crore from BorgWarner Inc!
From Rs 605.20 per share to Rs 915 per share, the stock gave 51.20 per cent returns to the investors since the stock is listed on the exchanges.
Divgi Torqtransfer Systems Ltd informed the exchanges (BSE Scrip Code: 543812; NSE Scrip Code: DIVGIITTS) that the company has been awarded a new program from BorgWarner Inc. and its Affiliates to supply components for their OE Program which has added a life cycle value of Rs 180 crores to our order book. The order has been awarded by an international entity and includes the supply of components and tooling reimbursement thereon. The order expected program life is 5 years.
Divgi Torqtransfer Systems Ltd is one of the leading players supplying transfer case systems to automotive OEMs and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.
On Friday, shares of Divgi Torqtransfer Systems plunged 0.56 per cent to Rs 886.30 per share with an intraday high of Rs 915 and an intraday low of Rs 882.45. The stock has a 52-week high of Rs 1,001 and a 52-week low of Rs 557.20.
Talking about the financials, Divgi Torqtransfer Systems has a market cap of Rs 2,710 crore. The company reported amazing numbers in its Quarterly Results and annual results. The net sales increased by 25.86 per cent to Rs 73 crore and net profit increased by 8.33 per cent to Rs 13 crore in Q4FY23 over Q4FY22. In FY23, the net sales increased by 15.81 per cent to Rs 271 crore and net profit increased by 10.87 per cent to Rs 51 crore over FY22.
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From Rs 605.20 per share to Rs 915 per share, the stock gave 51.20 per cent returns to the investors since the stock is listed on the exchanges (March 14, 2017 – BSE Scrip Code: 543812; NSE Scrip Code: DIVGIITTS). Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.