The shares of Jayant Infratech Limited opened at Rs 438.55 as against its previous close of Rs 417 and were locked in an upper circuit of 5 per cent. The stock started to rally after the company announced that it has bagged its biggest ever work order (WO) worth Rs. 54 crores from ECI-SEEIPL(JV).
The stock got listed in the SME category on BSE in July 2022. The shares started trading on the exchanges at Rs 79 a piece. In the span of just two months, the stock has delivered a multibagger return of 450%.
Last month, the company announced that it entered into an agreement with Jhajharia Nirman Limited for a proposed joint venture (JV) for EPC (Engineering, Procurement and Construction) contracts floated by Indian railways.
If an investor had invested Rs 1 lakhs in the company in July their investment would be worth Rs 5.5 lakhs in just 2 months.
Jayant Infratech, incorporated in the year 2003, is a technology-driven company with excellence in railway electrification & infrastructure projects. The company’s major work encompasses the electrification of new & existing railway tracks.
On a yearly basis, the company’s total revenue stood at Rs 38.29 crores in FY22 which increased from Rs 35.18 crores which they earned in the year prior. Their net profit after tax stood at Rs 2.4 crores in the Financial year 21-22 which is an increase of 80 per cent from Rs 1.38 crores which they reported in FY21.
The company has a market capitalization of Rs 141 Crores as of September 15th, 2022. The promoters hold 71.44 per cent while the remaining 28.56 per cent stake is held by the public.
Written by Anoushka Roy