Heavy buying and 400 per cent returns: This multibagger micro-cap stock bags new order worth Rs 1.03 crore from Tata Power's subsidiary!
Shares of the company have gained more than 160 per cent in the last six months.
Alfa Transformers' Vadodara plant received a Rs 1.09 crore order from Tata Power Southern Odisha Distribution for 100KVA transformers, to be delivered within 30 days. This domestic contract strengthens Alfa's position in the Indian power distribution sector. The stock also made a new 52-week high today. In the last six months, the stock has gained more than 160 per cent.
Recently, the company also secured new orders totalling a whopping Rs 7.4 crore. The bulk comes from two orders by Tata Power's subsidiary for transformers in their Vadodara and Bhubaneswar plants, amounting to Rs 3.59 crore. Rungta Sons and OCL Iron & Steel chipped in with Rs 3.28 crore worth of orders, while Larsen & Toubro rounded out the haul with a Rs 53 lakh order.
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The company posted strong Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 13.87 crore which grew by 122.17 per cent YoY. The operating profit of the company stood at Rs 0.94 crore, while the PAT of the company stood at Rs 6.06 crore, representing a growth of 2034.15 per cent YoY.
Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work. The company has two manufacturing units located in Bhubaneswar and Vadodara. The stock also delivered multibagger returns of about 400 per cent in the last one year.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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