Multibagger Electricals Equipment Company Bags New Order Worth Rs 62,22,00,000 From Time Medical International Ventures (India) Pvt Ltd
The stock is up by 76 per cent from its 52-week low of Rs 926.05 per share and gave multibagger returns of over 2,600 per cent in 3 years.
Spectrum Electrical Industries Limited has secured a significant purchase order for the supply of 0.35T PICA Whole Body MRI Machines. The order, valued at Rs 62.22 crore inclusive of taxes, was placed by Time Medical International Ventures (India) Private Limited, a wholly-owned subsidiary of Fischer Medical Ventures Limited.
The contract stipulates the delivery of 25 units of MRI machines, with 14 units scheduled to be supplied by December 2024 and the remaining 11 units to be delivered in January 2025. This domestic order represents a substantial boost to Spectrum Electrical Industries Limited, demonstrating its expertise in the medical equipment sector and its ability to meet the growing demand for advanced diagnostic technologies.
About the Company
Spectrum Electrical Industries Limited, established in 1995, is a prominent player in the manufacturing of electrical components and surface treatment for various industries. The company specializes in injection moulding, electrical press components, and surface treatment of automobile, electrical, and stamped parts. With a strong focus on quality and innovation, Spectrum Electrical Industries Ltd. has garnered a reputation for excellence in its field.
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The company has a market cap of over Rs 2,500 crore and has delivered good profit growth of 22.2 per cent CAGR over the last 5 years. The stock is up by 76 per cent from its 52-week low of Rs 926.05 per share and gave multibagger returns of over 2,600 per cent in 3 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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