The stock gave multibagger returns of 325 per cent in just 1 year and a whopping 1,000 per cent in 3 years.

In December 2023, FIIs increased their stake to 0.59 per cent and DIIs increased their stake to 3.67 per cent compared to 0.06 per cent and 1.51 per cent respectively, in September 2023. 

Annual Results: The net sales increased by 19.96 per cent to Rs 809.15 crore and the net profit increased by 47.43 per cent to Rs 28.53 crore in FY23 compared to FY22.

The company have a robust order book of Rs 2,276 crore as of April 01, 2023, forming approx. 2.81 times FY 23 Revenue provides growth visibility – one of the highest order book in the history of the company.

Shares of Indian Overseas Bank, the top BSE Midcap gainer, rocketed and locked at 20 per cent upper circuits. 

Very recently, the company bagged an order valued at Rs 173 crore. The nature of the contract is the doubling of the railway tracks between Ludhiana and Qila Raipur (17.174 km) including 25 kV high rise OHE railway electrification and signalling & telecommunication works in engineering procurement & construction (EPC) mode.