This multibagger small-cap company secured orders worth Rs 112 crore; stock gains over 700 per cent!

Shares of the company have gained more than 60 per cent in the last six months.

Jash Engineering Limited informed in the exchange filing that it has secured new orders of Rs 112 crores, out of which orders worth Rs. 17 Cr are for the Indian market and orders worth Rs. 95 Cr are for markets outside India.

The order booking for the month of July 2023 is from Tata Projects – Hyderabad, Shapoorji Pallonji & Co. – Mumbai and NCC Ltd. – Hyderabad from India, and Shockoe Richmond, VA – USA from the international market.

As of August 01 2023, the total consolidated order book position of the company is Rs. 829 crores out of which orders worth Rs 238 crores are for the Indian market and orders worth Rs 591 crore are for markets outside India. Out of the consolidated orders worth Rs 591 crores for markets outside India, Rs 366 crores worth of orders are for the USA market, and the remaining Rs 225 crores constitute orders for the rest of the world.

Jash Engineering Limited is manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemicals, Fertilizers, and other process plants.

In the last one year, the shares of the company have given more than 90 per cent returns and in the last three years, the stock gained about 700 per cent returns.

Investors should keep a close eye on this stock.

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