Multibagger penny stock below Rs 35: This micro-cap company bags new order worth Rs 40,00,000 from Public Health Engineering Directorate, Government of West Bengal!
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 12.3 per share.
Mehai Technology Ltd informed that the company has bagged a new order worth Rs 40,00,000 from the Public Health Engineering Directorate, Government of West Bengal AlIPOre Division. The order is worth Rs approximately Rs 40,00,000 to sink two 360-meter deep tubewells in Dakshin Durgapur using the direct rotary rig method. The project is expected to be completed within 45 days.
Earlier, West Bengal's Public Health Engineering Directorate initiated four key projects: tubewell replacements in Raghudevpur and Tentulberia schemes for immediate access and security, a new tubewell in Tentulberia for increased capacity, and JJM implementation in Gopalnagar Uttar. Expected to be completed within 30 days using an efficient drilling method and advanced materials, these projects aim to improve water infrastructure at an estimated cost of Rs 79.70 lakh.
Today, shares of Mehai Technology Ltd plunged 0.85 per cent to Rs 29.32 per share from its previous closing of Rs 29.57 with an intraday high of Rs 30.97 and an intraday low of Rs 29.01. The stock has a 52-week high of Rs 34.64 and a 52-week low of Rs 12.3.
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 31.40 crore. The company reported positive numbers in its Quarterly Results and annual results. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 12.3 per share.
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