Vijay Kedia’s portfolio multibagger stock jumps after receiving an order of Rs 61,11,00,000 from Larsen & Toubro
The stock is up by 27.5 per cent from its 52-week low of Rs 141.05 and has given multibagger returns of 790 per cent in 5 years.
On Wednesday, shares of Innovators Facade Systems Ltd gained per cent to Rs 218.70 per share from its previous closing of Rs 202.85. The stock’s 52-week high is Rs 218.70 per share and its 52-week low is Rs 171.50 per share. The shares of the company saw a spurt in volume by more than 5.2 times on the BSE.
Innovators Facade Systems Limited has received a significant work order from Larsen & Toubro (L&T Construction-Buildings & Factories) for the design, fabrication, supply, installation and commissioning of facade works for the Central Secretariat Buildings 6 & 7 Project located on Maulana Azad Road, New Delhi. This domestic order is valued at Rs 61.11 crore (excluding taxes) and is expected to be completed by October 2026.
Innovators Facade Systems Limited operates as a building finishing contractor. The company offers facade design, fabrication, and installation services. Innovators Facade Systems serves the residential and commercial sectors in India.
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The company has a market cap of over Rs 400 crore. According to half-yearly results, net sales of Rs 107 crore and net profit of Rs 8 crore in H2FY25. In FY24, net sales increased by 3 per cent to Rs 221 and net profit increased by 7 per cent to Rs 116 crore compared to FY24.
An ace investor, Vijay Kedia, owns 20,10,632 shares or a 10.66 per cent stake in this company. The stock is up by 27.5 per cent from its 52-week low of Rs 141.05 and has given multibagger returns of 790 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.