Multibagger penny stock under Rs 20: This multibagger micro-cap stock bags a new order worth Rs 1,01,66,230 from Larsen & Toubro!
Shares of the company gained about 20 per cent on Friday.
Catvision Limited has landed two significant contracts with Larsen & Toubro Group, a major boost for the company. They will supply and install their Master Antenna Television Systems for the Central Vista Project and Patna Medical College Hospital. The contracts, valued at Rs 73.5 lakh and Rs 28.2 lakh respectively, are expected to be completed within 9 and 3 months. This is a positive development for Catvision, showcasing its expertise in catering to prestigious infrastructure and healthcare projects. Owning to the positive news, the stock gained about 20 per cent and got locked into the upper circuit.
Catvision India Limited is engaged in manufacturing and selling CATV, SMATV, and IPTV equipment and providing related services including channel marketing services. The company caters to both domestic and international markets. The company has its head office in Noida and a factory in Dehradun. It manufactures digital headend (encoders, decoders), HFC (hybrid fiber coax), set-top boxes, and GPON products (OLT and ONU).
On Friday, the stock opened at Rs 15.00, with a high and low of Rs 17.70 and Rs 14.25, respectively. The stock closed trading at Rs 17.70, which increased by 20.00 per cent. The stock has a 52-week high of Rs 17.96 and a 52-week low of Rs 11.00. The company has a ROCE of 0.20 per cent and an ROE of -2.24 per cent, with a market capitalization of Rs 9.65 crore. The stock also delivered multibagger returns of over 220 per cent in the last three years. Investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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