Back in March 2018, the stock was quoted at a modest Rs 313.25 per share, but today it is trading at a staggering Rs 1331.90 per share. If you had invested Rs 1,00,000 in 2018, you would have received 319 shares. Fast forward to today, and the value of those shares would be a whopping Rs 4,24,908! That's an incredible return on investment that any investor would be thrilled about.

During high volatility periods, dividend-paying stocks can be a wise investment choice. While stock prices may fluctuate wildly during these times, dividend payments can provide a stable source of income.

In fact, if we look at the stock's performance over the last three years, it's clear that it has rewarded its shareholders with multibagger returns. The stock has risen nearly 747 per cent during this time, which is an impressive feat.

But that's not all! The company recently announced that, along with its joint venture (JV) partners, it has received a letter of award for the Rihand Micro Irrigation Project from the Department of Water Resources, Madhya Pradesh. 

The stock is up over 11 per cent on Friday on back of huge spurt in the volumes. So far, total traded volume has surpassed its prior trading session volume and moreover, it is highest since September 2022.  

Talking about the technical view, the stock has witnessed breakout of the tight range with a massive volume and closed above the moving average ribbon and its key short-term moving averages.

The company has consistently rewarded its shareholders with dividends since 2003. The stock has jumped more than 10 per cent in the last week along with robust volumes.

What’s more impressive is that despite this strong up-move in a very short period the stock is trading at a PE multiple of 10.7, and the company has been maintaining a healthy dividend payout of 25.5 per cent. 

For the quarter ended December 2022, its total revenue stood at Rs 291 crore as against Rs 212 crore in the same period of last year. Net profit almost doubled in the quarter ended December 2022 as it surged to Rs 39 crore as against Rs 21 crore in quarter ended December 2021.

n the past 12 months, the company has declared an equity dividend amounting to Rs 15.80 per share. At the current share price of Rs 120.65