This SME multibagger has delivered remarkable returns of 398.91% in two months

This SME multibagger has delivered remarkable returns of 398.91% in two months | 5Paisa|

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-09-15T17:12:41+05:30

On September 15 the company was locked at its upper circuit limit. 

Incorporated in 2003, Jayant Infratech primarily undertakes Railway Infrastructure Development work. The key clients of the company include various zones of the Indian Railways as well as large Public and Private Sectors. Its major work includes the electrification of new & existing Railway tracks helping the nation to reduce the dependency on fossil fuels thereby reducing the carbon print foot. The company is engaged in the field of Railway Infrastructure Development involving the design, drawing, supply, erection, and commissioning of 25KV, 50Hz Single Phase Traction Overhead Equipment. 

On September 14, Jayant Infratech bagged its biggest ever work order worth Rs 54.24 crore from ECI-SEEIPL (JV) for the Supply, Erection Testing, and Commissioning of 25 kV, 50 Hz, Single Phase, Traction Overhead Equipment, Traction Substation, Switching Station and other associated works from chainage (-) 1.214 to chainage 105.000 & WCL siding, Chord line, Loop lines, bridges, etc in connection with railway Electrification Work between Naghbir to Itwari section in Nagpur Division of South East Central Railway. This contract is executable for over 300 days.  

The share price of this SME has rallied from Rs 87.90 on July 15, 2022, to Rs 438.55 on September 15, 2022, in 2 months, registering a growth of 398.91%. An investment of 1 lakh in this company would have turned Rs 4.9 lakh in such a small time frame. 

The stock of this company touched a 52-week high of Rs 501.70 on September 5, 2022, and a 52-week low of Rs. 76.00 on July 12, 2022. 

 On September 15, 2022, in a volatile market, Jayant Infratech is locked at its upper circuit limit of Rs 438.55, up by 20.85 points or 4.99% from its previous closing of Rs 417.70 on the BSE. 

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