Multibagger stock under Rs 150: This micro-cap electronics company gets supply order from Amazon Basics!
The stock has gained over 3 per cent in the morning trade.
On March 31, 2023, Calcom Vision Limited informed in the exchange filing that the company has signed an agreement with Etrade Marketing Private Limited for the supply of all types of LED products. Etrade Marketing Private Limited (Brand Name: AMAZON Basics), is a multinational company with having global presence in the e-commerce market. The initial order was Rs 50 lakh and is further expected to grow to Rs 10 crore annually.
Amazon Basics offer home goods, office supplies and tech accessories and is one of the best-selling private label brands on amazon.com. Amazon is one of the most influential economic and cultural forces in the world and is one of the world's most valuable brands.
Calcom Vision Limited, established in 1976, is an integrated LED lighting manufacturer and original designer & manufacturer (ODM) for electronics and consumer durables.
Today, the stock opened at Rs 128 and made a high and low of Rs 128 and 122.15. Currently, the stock is trading at Rs 126.90, up by 2.50 per cent. The stock has gained over 30 per cent in the last one year. The stock has delivered multibagger returns of over 130 per cent in last three years.
The scrip is a part of group X with a market capitalization of Rs 162.33 crore. The stock has a 52-week high of Rs 164.50 and a 52-week low of 84.80. The company has a ROCE of 5.28 per cent and an ROE of 1.72 per cent.