Stock below Rs 40: This small-cap stock bags order worth Rs 2288.32 lakh!
The company's stock has returned 26.40 per cent over the past month and 34.76 per cent over the past 6 months.
Ultracab (India) Ltd bagged an order worth Rs 2288.32 lakh from one of the prestigious group, “The Tata Power Company Limited” (TATA Group of Company). The order includes the supply of various LT Power cables in various shapes and sizes (4Cx300sqmm, 4Cx185Sqmm, 4Cx120 Sqmm, 4Cx95 Sqmm, 4Cx35 Sqmm, 4Cx16 Sqmm).
Today, shares of Ultracab (India) Ltd surged 5.34 per cent from its previous closing of Rs 30 to Rs 31.60 per share. The stock has a 52-week high of Rs 34 and a 52-week low is Rs 19.20. In addition, a recent significant acquisition of shares and takeover by "RIYA ALPESH SHAH" has resulted in some new buying today.
Ultracab (India) Limited has a market cap of Rs 286.27 crore. It is engaged in manufacturing and exporting electric wires and cables in India. The company uses new technology and machinery to develop new product innovations. Ultracab has a global presence and provides its services worldwide.
Talking about the financials, it reported excellent quarterly and annual results. In comparison to Q2FY22, net profit increased by 105.11 per cent in Q2FY23. In FY21, the net profit was only Rs 2.04 crore but it increased by 53.64 per cent to Rs 3.14 crore in FY22. The company's stock has returned 26.40 per cent over the past month and 34.76 per cent over the past 6 months. Investors should keep this stock on their watch list.