Multibagger stock that delivered an 8,008 percent return in 3 years by jumping from Rs. 0.50 to Rs. 55 per equity share, hit a 5 percent upper circuit in the day’s trade upon receiving a work order worth Rs. 29 Crores from Reliance Industries Limited.
With a market capitalization of Rs. 310 Crores, the shares of Gujarat Toolroom Limited hit a 5 percent upper circuit at Rs. 55.95. It has delivered multibagger returns of 402 percent in a year.
Gujarat Toolroom Limited has secured a significant order worth Rs. 29 Crores from the famous Indian conglomerate, Reliance Industries to provide construction supplies.
Gujarat Toolroom Limited anticipates more such orders from Reliance Industries Limited in the upcoming weeks, further solidifying the partnership between the two entities.
Moreover, it also expects additional orders from various clients in the coming months, which will significantly contribute to its revenue and profit growth, thereby expanding its brand value and presence.
This latest development marks a significant milestone for Gujarat Toolroom Limited, reflecting its commitment to delivering high-quality products and services to its esteemed clients.
Gujarat Toolroom Limited is engaged in development and operational activities catering to diverse sectors including construction, import-export of industrial equipment, gemstone and precious metal, and mining operations.
Its revenue from operations grew by 13000 percent from Rs. 1 Crore in Q3FY23 to Rs. 131 Crores in Q3FY24, accompanied by increasing profits of Rs. 1 Crore to Rs. 14 Crore.
Written by: Bharath K.S
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