800 per cent returns and Rs 150 crore order book: This multibagger solar power stock bags new order worth Rs 60,42,42,713; reports a 153 per cent jump in net profit!

Shares of the company gained more than 190 per cent in the last six months.

Viviana Power Tech Limited has secured a significant order worth Rs. 60.42 crores from Madhya Gujarat Vij Company Limited. The project involves the creation of a robust 11 KV electrical network, including the installation of underground and overhead cables, RMU units, and the replacement of existing conductors in the Godhra and Nadiad areas. The entire project is expected to be completed within nine months. This contract reinforces Viviana Power Tech Limited's position as a key player in the power distribution sector.

The company posted brilliant Half-yearly Results. The revenue of the company for H2FY24 stood at Rs 42.31 crore which grew by 150.22 per cent YoY. The operating profit of the company stood at Rs 7.48 crore, while the PAT of the company stood at Rs 3.98 crore, representing an impressive growth of 153.6 per cent YoY. The stock has delivered multibagger returns of over 800 per cent since listed. The company has an order book of Rs 150 crore as of January 2024.

Viviana Power Tech Limited is engaged in the business of Power transmission, Distribution, and Industrial EPC space projects (Engineering, Procurement, and construction). It provides a wide range of services such as Power Transmission lines, EHV substations, Testing and Commissioning of sub-station and Transmission lines, Power Distribution Network Establishment, Underground Cable laying and Upgradation and modification of existing power systems.

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.