280 Per Cent Returns from 52-Week Low: Multibagger Stock Below Rs 200 Locked in 10 Per Cent Upper Circuit on May 16
The stock has given 280 per cent returns from its 52-week low of Rs 43.60 per share.
On Friday, shares of Trishakti Industries Ltd hit a 10 per cent upper circuit to an intraday high of Rs 165.75 per share from its previous closing of Rs 150.70 per share. The stock’s 52-week high is Rs 191.10 per share and its 52-week low is Rs 43.60 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE. The stock has given 280 per cent returns from its 52-week low of Rs 43.60 per share.
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.
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Recently, Trishakti Industries Limited has secured two significant domestic contracts for the supply of advanced earth-moving machines. The first, valued at Rs 25 million, was awarded by Tuaman Engineering Limited, with deployment expected within the next two weeks for the erection and commissioning phases of a steel plant project, and the overall contract lasting 12 months. The second contract, also for Rs 25 million, comes from Larsen & Toubro Limited (L&T) for the immediate supply of heavy earth-moving equipment for their ongoing Metro Project, with a duration of two months.
The company has a market cap of over Rs 270 crore with a 3-year stock price CAGR of 200 per cent. The stock gave multibagger returns of 210 per cent in 1 year, 7,200 per cent in 5 years and a whopping 8,600 per cent in 10 years.
Disclaimer: The article is for informational purposes only and not investment advice.