DIIs-backed multibagger penny stock under Rs 25; Hit 20 per cent upper circuit with heavy volume post Rs 2,700 crore order from JV Ohongoron Sement MS LLC

The stock is up by 92.51 per cent from its 52-week low of Rs 11.88 per share and gave multibagger returns of 470 per cent in 3 years.

On Wednesday, shares of SEPC Ltd were locked in 20 per cent upper circuit to Rs 22.87 per share from its previous closing of Rs 19.06. The stock’s 52-week high is Rs 26.73 and its 52-week low is Rs 11.88. The shares of the company saw a spurt in volume by more than 4.55 times on BSE.

SEPC Limited has announced that its wholly owned subsidiary, Shriram EPC FZE, has secured a significant contract to construct a cement plant in Uzbekistan. The project, valued at over USD 325 million (equivalent to over Rs 2,700 crore), will see Shriram EPC FZE build a 3.0 million tonnes per annum greenfield cement manufacturing facility in Urgaz Village, Akhangaran District, Tashkent. The contract was awarded by JV OHONGORON SEMENT MS LLC, a joint venture based in Tashkent.

Shriram EPC FZE will be responsible for the entire project lifecycle, including design, engineering, project management, civil works, supply, erection, testing, and commissioning of the cement plant. The project is expected to take approximately 30 months to complete. This international contract represents a major milestone for SEPC Limited, solidifying its position as a leading player in the global cement industry.

Earlier, SEPC Ltd approved the allotment of 15,38,46,153 new shares at a face value of Rs 10 each. These shares will be issued to eligible applicants at a price of Rs 13 per share, which includes a premium of Rs 3 per share.

Shriram EPC Ltd (SPEC) is a leading service provider of integrated design, engineering, procurement, construction, and project management services for water and waste-water treatment plants, water infrastructure, process and metallurgy plants, power plants, and mines and mineral processing. Domestic Institutional Investors (DIIs) own a 25.16 per cent stake in the company and the majority of DIIs are Punjab National Bank (PNB), Central Bank of India, The South Indian Bank, Axis Bank, Bank of India (BOI), IndusInd Bank, Union Bank of India (UBOI), Bank of Baroda (BOB) and The Federal Bank Ltd.

SPEC has a market cap of over Rs 3,500 crore. The stock is up by 92.51 per cent from its 52-week low of Rs 11.88 per share and gave multibagger returns of 470 per cent in 3 years.Investors should keep an eye on this Small-Cap stock.

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

Also Read: 52-week high alert: ONGC, IOL, Gail & BPCL-backed company signs MoU with LTL Holdings Limited (LTL) of Sri Lanka