{"id":76753,"date":"2022-12-07T18:40:00","date_gmt":"2022-12-07T13:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=76753"},"modified":"2022-12-07T19:31:17","modified_gmt":"2022-12-07T14:01:17","slug":"multibagger-stock-delivers-147-returns-in-6-months-also-has-a-joint-venture-with-rites","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-delivers-147-returns-in-6-months-also-has-a-joint-venture-with-rites\/","title":{"rendered":"Multibagger stock delivers 147% returns in 6 months; Also has a joint venture with RITES"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-388537497\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Power Mech Projects Ltd surged to a record high of \u20b9 2398.00 apiece on the BSE during early trades on Wednesday. The stock has outperformed the benchmark index this year (YTD) and has given multibagger returns.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-755437478\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Power Mech Projects is an engineering and construction company providing integrated services in the erection, testing and commissioning (ETC) of boilers, turbines and generators and balance of plant (BOP), civil works and operation and maintenance (O&amp;M).&nbsp;<\/p><p>In October this year, the company\u2019s joint venture (JV) with RITES received an order worth over \u20b9 499.41 crores from the Bangalore Metro Rail Corporation Ltd (BMRCL). According to a regulatory filing, the order is for the construction of a Depot cum workshop at Challaghatta in Reach-2 Extension of the Bangalore Metro Rail Project, Phase-2. In addition, it has 112 ongoing projects including 44 AMCs and 11 overseas projects as of November 2022.&nbsp;<\/p><p>The company said that it is focusing on expansion to new areas in railways, water projects, roads, coal mining, electrical, steel plant works, material handling, oil &amp; gas sector across the value chain, cross-country pipelines, urban infrastructure projects, etc. In addition, it is also focusing on heavy steel fabrication works with investments planned to reduce site costs and better and faster delivery.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1170355518\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Its shares have rallied 147.64% in the last six months to give multibagger returns. They were available at \u20b9 955.10 at the beginning of this year and reached \u20b9 2398.00 levels on Wednesday. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares at the beginning of this year, the value of their holdings would have been \u20b9 2.47 lakhs today.&nbsp;<\/p><p>Similarly, in the past five years, the company gave multibagger returns of 216.46% as its share price increased from \u20b9 757.75 to \u20b9 2398.00. This means that if an investor would have invested \u20b9 1 lakh in the company\u2019s shares five years ago, the value of their holdings would have been \u20b9 3.16 lakhs today!&nbsp;<\/p><p><strong>Written by Simran Bafna<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2239869992\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Power Mech Projects Ltd surged to a record high of \u20b9 2398.00 apiece on the BSE during early trades on Wednesday. The stock has outperformed the benchmark index this year (YTD) and has given multibagger returns.&nbsp; Power Mech Projects is an engineering and construction company providing integrated services in the erection, testing [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":31478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-76753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock delivers 147% returns in 6 months; Also has a joint venture with RITES - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-stock-delivers-147-returns-in-6-months-also-has-a-joint-venture-with-rites\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger stock delivers 147% returns in 6 months; Also has a joint venture with RITES\" \/>\n<meta property=\"og:description\" content=\"The shares of Power Mech Projects Ltd surged to a record high of \u20b9 2398.00 apiece on the BSE during early trades on Wednesday. The stock has outperformed the benchmark index this year (YTD) and has given multibagger returns.&nbsp; Power Mech Projects is an engineering and construction company providing integrated services in the erection, testing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/multibagger-stock-delivers-147-returns-in-6-months-also-has-a-joint-venture-with-rites\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-07T13:10:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T14:01:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Index-6-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Index-6-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-stock-delivers-147-returns-in-6-months-also-has-a-joint-venture-with-rites\/\",\"url\":\"https:\/\/tradebrains.in\/features\/multibagger-stock-delivers-147-returns-in-6-months-also-has-a-joint-venture-with-rites\/\",\"name\":\"Multibagger stock delivers 147% returns in 6 months; 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