DSIJ Mindshare

With this strong move, the stock witnessed a breakout of a 14-month-long rectangle pattern on the weekly chart. The rectangle pattern, characterized by two horizontal trend lines drawn across a series of price peaks and valleys, forms a rectangle shape on a stock chart.

An intriguing aspect lies in the ownership structure, with a substantial 77.51 per cent stake held by the public (Non-Institutional Holding), and 3.67 per cent (equivalent to 524,936 shares) held by the Investor Education and Protection Fund (IEPF).

The order focuses on commercializing Electric Vehicle technologies, encompassing vehicle-to-grid, vehicle-to-building, and vehicle-to-load capabilities, demonstrating their commercial viability. The company envisions reaching sales of approximately USD 10 million and above after project establishment.

Notably, the company's journey from almost negligible profit in the quarter ending September 2020 to the highest-ever profit of Rs 14 crore in the quarter ending September 2023 is a significant achievement. The stock has delivered multibagger returns in the last year, with an impressive jump of nearly 122 per cent.

As of September 30, 2023, the company boasts an impressive order book standing at Rs 1,440 crore, complemented by a robust and diversified client base. Notable clients include major players in the Telecom sector such as Airtel, Power Sector entities like Adani, KEC, Tata Projects, BHEL, L&T, and Power Grid