Rs 1,300 Crore Order Book: Solar Company Secures Rs 454 Crore Indore Smart City Land Project; Stock Delivered 200 Per Cent Multibagger Returns Since April 2024.
In the last 12 months stock has given 60 per cent returns while since listing in April 16, 2024 it has given multibagger returns of 200 per cent.
Teerth Gopicon Limited (TGL), a government-approved contractor listed on the NSE has announced the receipt of a Letter of Acceptance from Indore Smart City Development Limited. This significant development pertains to the "Request for Proposal for selection of Bidder (Development Agency) for freehold sale of 68,510.492 sq. m. land i.e., part of MOG Lines Land Parcel-2 to be developed by the Agency as per the provisions described in the Indore ABD Area master Plan.
The company had previously disclosed this matter on April 19, 2025. The value for this substantial land parcel is Rupees 454,54,54,545/-. Teerth Gopicon Limited has confirmed that this order does not fall within related party transactions and that the promoter/promoter group/group companies have no interest in Indore Smart City Development Limited.
DSIJ offers a service 'Pop Stock" with recommendations for intraday trading based on research and analysis to help subscribers make healthy profits. If this interests you, download the service details pdf here
In the Quarterly Results of September 2024, the company reported a revenue of Rs 68.00 crore, reflecting a YoY growth of 83.78 per cent compared to Rs 37.00 crore in September 2023. The operating profit stood at Rs 16.00 crore, marking a 220.00 per cent increase from Rs 5.00 crore in the same quarter last year. The profit after tax (PAT) rose by 233.33 per cent to Rs 10.00 crore from Rs 3.00 crore in September 2023.
In FY24, the company posted a revenue of Rs 104.92 crore, registering a 168.47 per cent growth compared to Rs 39.08 crore in FY23. The net profit for the year stood at Rs 11.56 crore, up 580.00 per cent from Rs 1.70 crore in the previous financial year.
Teerth Gopicon Limited is a government-approved contractor involved in infrastructure development and construction projects. The company undertakes various projects, as evidenced by the recent acquisition of a significant land development project from Indore Smart City Development Limited. Their business likely encompasses a range of construction and development activities, potentially including residential, commercial, and infrastructure projects, aligning with the requirements of the entities they contract with, such as smart city development corporations. In the last 12 months stock has given 60 per cent returns while since listing in April 16, 2024 it has given multibagger returns of 200 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.