Multibagger penny stock with 300 per cent returns: This multibagger micro-cap stock bags new order worth Rs 1.25 crore!
Shares of the company have gained more than 80 per cent in the last six months.
Alfa Transformers Limited has secured a domestic order worth Rs. 76.70 lakhs from Regard Network Solution Private Limited. This contract involves the design, manufacturing, supply, and installation of 2.0 MVA, 33/0.433KV ONAN, Dyn 11 transformers from Alfa's Bhubaneswar plant. The order needs to be fulfilled within 30 days of receipt.
Recently, the company also secured a domestic order worth Rs. 48.73 lakh from GVPR Engineers. This contract involves designing, manufacturing, and supplying transformers from their Bhubaneswar plant. The transformers include 11KV, 33KV LVRT, 2000 KVA, and 1.5 MVA capacities and must be delivered within 5 weeks of receiving the order. These wins strengthen Alfa Transformers' position as a manufacturer and supplier of transformers within the Indian market.
Also read, Top 5 Important Ratios to Unlock Stock Investment Success
The company posted strong Quarterly Results. The revenue of the company for Q3FY24 stood at Rs 13.37 crore which grew by 10.57 per cent YoY. The operating profit of the company stood at Rs 0.79 crore, while the PAT of the company stood at Rs 0.22 crore, which declined by 74.49 per cent YoY.
Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work. The company has two manufacturing units located in Bhubaneswar and Vadodara. The stock also delivered multibagger returns of about 300 per cent in the last one year.
The stock has shown tremendous growth and 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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