Rs 10,195 lakh order book: Multibagger IT-telecom stock hit upper circuit as company bags Rs 3,746 lakh order from Vijay Kedia’s portfolio company-Tejas Networks Ltd
The stock gave multibagger returns of 133 per cent from its 52-week low of Rs 322.05 per share and a whopping 2,500 per cent in 5 years.
On Friday, one of the Top Gainers on BSE, shares of Valiant Communications Ltd hit a 5 per cent upper circuit and made a fresh 52-week high of Rs 750.25 per share from its previous closing of Rs 714.55 per share. The shares of the company saw a spurt in volume by more than 1.82 times on the BSE.
Valiant Communications Ltd. has secured a significant purchase order from Tejas Networks Limited (NSE: TEJASNET), a Tata Group company. This domestic contract, valued at Rs 3,746 Lakh (inclusive of taxes), involves the supply and commissioning of Valiant's Communication, Protection, and Synchronisation equipment. The equipment is intended for the end-user, Gujarat Energy Transmission Corporation (GETCO), and the project is slated for execution by June 30, 2026. (An ace investor, Vijay Kedia's portfolio holds 1.02 per cent in Tejas Network Ltd as of March 2025).
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Valiant Communications is a manufacturer of a comprehensive range of IT and OT products and solutions which are used to provide end-to-end communication, transmission, protection, synchronisation, data storage, and cyber-security to Government organisations, Utilities, Defence and the Transport sectors. VCL is an approved manufacturer to various reference customers across the globe, with a track record of successful installations of its communications, transmission, protection, synchronisation and cyber-security solutions in more than 110 countries.
The company has a market cap of Rs 572.30 crore and the order book stands at Rs 10,195 lakh. The stock gave multibagger returns of 133 per cent from its 52-week low of Rs 322.05 per share and a whopping 2,500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.