Multibagger aerospace & defence company bags new order worth Rs 5,80,00,000 from Hyderabad-based Company

The stock gave multibagger returns of 223 per cent in just 1 year and a whopping 2,315 per cent in 5 years.

Taneja Aerospace and Aviation Limited (TAAL) has received an order from a Hyderabad-based Company for the modification and installation of instrumentation on Helicopters. The total basic order value is Rs 5,80,00,000 and is to be executed till December 2025.

Earlier, the company secured a domestic service order worth Rs 14,47,80,000 from Bharat Electronics Ltd, a Government of India Enterprise located in Hyderabad. The contract involves modifying and installing the SARANG system on twelve Kamov-31 helicopters and needs to be completed within the next three years, by June 30, 2027.

Taneja Aerospace & Aviation Ltd, a Pune-based company established in 1994 within the Indian Seamless Group, manufactures and sells parts for the aviation industry. Notably, they were the first private Indian company to make general aviation aircraft (non-military). Taneja Aerospace also provides airfield and maintenance, repair, and overhaul (MRO) services through a collaboration with Air Works India, allowing them to maintain commercial aircraft at their private airfield.

Today, shares of Taneja Aerospace & Aviation Ltd gained 1.42 per cent to Rs 622.90 per share from its previous closing of Rs 614.15 per share with an intraday high of Rs 629 and an intraday low of Rs 605.55. The stock’s 52-week high is Rs 680 and its 52-week low is Rs 187.

The company has a market cap of over Rs 1,500 crore and reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24). The company's shares have a PE of 137x, an ROE of 10 per cent and an ROCE of 13 per cent. The stock gave multibagger returns of 223 per cent in just 1 year and a whopping 2,315 per cent in 5 years. Investors should keep an eye on this aerospace & defence stock.

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

Also Read: Ashish Kacholia’s portfolio gains Rs 7,29,43,650 in just 1 day from this multibagger forging stock; Hit 52-week high on July 11

1 comments on article "Multibagger aerospace & defence company bags new order worth Rs 5,80,00,000 from Hyderabad-based Company"

The Go-To Crew Electric

Electronics Ltd seems to be at the forefront of innovation with their cutting-edge technology. Their commitment to quality and customer satisfaction is commendable. I've always been impressed by their range of products, each showcasing reliability and advanced features. Looking forward to seeing what they'll unveil next!

7/19/2024 10:37 AM

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