The stock has witnessed significant buying activity in the last 3 years as it has surged more than 266 per cent.

The company have announced its quarterly results (Q1FY24) wherein Revenue from Operations grew by 241.32 per cent from Rs 2.42 crore and net profit skyrocketed by 200 per cent from a net loss of Rs 1.24 crore in Q1FY23 to a net profit of Rs 1.24 crore in Q1FY24.

As of now, there is an unexecuted order book of 856 MW that is scheduled to be completed within the next 9 to 12 months.

The broader market sentiment appears positive, with about 1385 stocks advancing and only 467 stocks declining, reinforcing the optimistic outlook among investors.

Shares of the company gained more than 25 per cent in the last six months.

The company has a market cap of Rs 385 crore with a 1-year stock price CAGR of 70 per cent. The stock has a PE of 12.33x whereas the industry PE is 35x and a ROE of 26.30 per cent.

According to the financials, the company have a market cap of over Rs 582.51 crore with a 3-year CAGR of 262 per cent. The company reported amazing numbers in its quarterly results and annual results. From Rs 10.67 per share to Rs 564.45 per share, the stock gave astounding returns of 5,190 per cent in just 5 years.

The company secures two massive orders with the involvement of Rs 57,000 crore which is more than double its market capitalization.

The company has received a Letter of Acceptance from Gujarat Metro Rail Corporation Limited for designing, manufacturing, and supplying standard gauge metro coaches for Surat Metro Rail Phase-I. The company secured wagon orders worth Rs 443 crore, increasing the wagon order book from private players to 20 per cent of the FTRS order book.

Shares of the company have gained more than 180 per cent in the last one year.