Multibagger stock engaged in the business of manufacturing transmission line towers, sub-stations, railway electrification structures, and many more hit a 5 percent upper circuit upon receiving 2 work orders worth Rs. 290 Crores and $1.8 million.
With a market capitalization of Rs. 2,081 Crores, the shares of Jyoti Structures Limited hit a 5 percent upper circuit at Rs. 32.81 from its previous day’s close price of Rs. 31.25. It has delivered multibagger returns of 300 percent in a year.
Jyoti Structures Limited has received an order worth Rs. 290 Crores from Torrent PowerGrid Limited for an EPC work of 400 KV Multi-Circuit Transmission Line in Gujarat and it is to be executed in 18 months.
Jyoti Structures Limited has also secured a contract worth $ 1.8 million for the design and prototype testing of towers for the 400 kV Double Circuit Oman – UAE Interconnector Project and it is to be executed in 6 months.
Jyoti Structures Limited is engaged in the business of manufacturing transmission line towers, sub-stations, railway electrification structures, and many more. It is also involved in providing EPC services like foundation, erection, and testing of distribution networks, substations, etc.
Its revenue from operations grew 5,122 percent from Rs. 4 Crores in FY22 to Rs. 229 Crores in FY23, accompanied by a decreasing loss of Rs. 42 Crores to Rs. 4 Crores.
Written by: Bharath K.S
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