Rs 88.84 Crore Order Book: Multibagger Penny Stock Under Rs 70 Receives New Order Worth Rs 1,10,92,361 From Reliance Industries Ltd

The stock has given multibagger returns of 120 per cent in just 1 year and a whopping 3,250 per cent in 5 years.

On Tuesday, shares of Expo Gas Containers Limited plunged 2.16 per cent to Rs 62.02 per share with an intraday high of Rs 65 per share and an intraday low of Rs 61.01 per share from its previous closing of Rs 63.39 per share. The stock’s 52-week high is Rs 70.64 per share and its 52-week low is Rs 24.70 per share.

Expo Gas Containers Limited has secured a work order from Reliance Industries Limited at their Jamnagar site, in the normal course of business, for the supply of 51 units of CS fabricated fittings intended for offsites and utilities projects. This order, received from a domestic entity as per a formal agreement with Reliance Industries Limited, is valued at Rs 1,10,92,361 and is expected to be completed within a timeframe of 3 months from the issuance of the Purchase Order or Letter of Intent.

Established in 1982, Expo Gas Containers Ltd (EGL) is a heavy engineering firm based in Pune, specialising in process plant equipment like pressure vessels and deaerators, alongside turnkey projects and piping solutions. With ISO certifications, EGL provides comprehensive services from design to installation, manufacturing a wide array of equipment using diverse metallurgies. The company also handles on-site projects such as storage tanks and offers maintenance and repair services for industrial equipment.

The company has a market cap of over Rs 140 crore and debtor days have improved from 40.6 to 23.4 days. The company has an order book of Rs 88.84 crore as of December 2024. The stock has given multibagger returns of 120 per cent in just 1 year and a whopping 3,250 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.