1,000 Per Cent Multibagger Returns: Micro-Cap Company Bags Multiple Orders Worth Rs 16,24,00,399 from Leapfrog Engineering Services Ltd

The stock gave multibagger returns of over 1,000 per cent from its 52-week low of Rs 18 per share.

Mehai Technology Limited has secured two significant orders from Leapfrog Engineering Services Limited, a prominent domestic entity. The combined value of these contracts amounts to a substantial Rs. 16,24,00,399. Both orders are slated to commence on December 10, 2024, and conclude on April 30, 2025.

The first order, valued at Rs 8,09,40,670, encompasses a wide range of maintenance services for critical electrical infrastructure. These services include preventive maintenance for 220kV and 66kV Gas Insulated Switchgear (GIS) bays, SF6 gas analysis for 220kV and 66kV circuit breakers, retrofitting of medium-voltage protection relays, inspection and audit services for medium-voltage distribution networks, and maintenance of PLC automation systems. Additionally, the contract involves electrical rectification work for water transmission networks.

The second order, valued at R  8,14,59,729, focuses on the maintenance and optimization of various industrial equipment. Key services under this contract include process enhancement and optimization, optical alignment and dynamic balancing of rotating equipment, robotic inspection and cleaning of storage tanks, retrofitting of variable frequency drives, and annual maintenance contracts for medium-voltage variable frequency drives.

Today, the shares of Mehai Technology Ltd hit a 2 per cent upper circuit to Rs 203.70 per share from its previous closing of Rs 199.75 per share. The stock also made a new 52-week high of Rs 203.70 per share while its 52-week low is Rs 18 per share.

Mehai Technology Ltd manufactures and sells lighting products. The company offers LED bulbs, tube lights, and power banks. Mehai Technology also renders after-sale services. The company is an electronics retail chain operator in Eastern India which provides customers with a one-stop-shop for all their electronics needs. At present, the company has 16 electronics retail stores in Patna and plans to open 4 new stores in Kolkata

According to the financials, Mehai Technology has a market cap of Rs 503.34 crore. The company reported positive numbers in its Quarterly Results and annual results. The stock gave multibagger returns of over 1,000 per cent from its 52-week low of Rs 18 per share.

Disclaimer: The article is for informational purposes only and not investment advice.