Back-to-back upper circuit and 52-week high: This small-cap stock has rallied over 1236% in just a year!
Taylormade Renewable has hit consecutive 7 upper circuits and 52-week highs.
Share price update
Shares of Taylormade Renewables Ltd were locked at a 5% upper circuit level on Monday, rising from their previous closing price of Rs. 134.70 to a new 52-week high of Rs. 141.50. From February 20, 2023, the stock has traded in strong volumes and reached consecutive 7 upper circuits and 52-week highs.
Total Order book of the company
The business informed the exchange on February 23, 2023, that Dodhia Chem-Tex Ltd., based in Mumbai, Maharashtra, had given it a fresh work order worth Rs 13.06 crore. In light of this, as of February 23, 2023, the company's whole order book is worth Rs 28 crore.
Taylormade Renewables is a company that provides renewable energy solutions. The company has developed cutting-edge technologies for hazardous wastewater treatment and Zero Liquid Discharge. The company is a small and medium-sized enterprise that manufactures Solar Parabolic Concentrating Systems for a steam generation used in steam cooking and other industrial applications, direct or indirect heating, including solar air-conditioning and solar space heating, solar drying, solar wastewater evaporation, and many other thermal energy-related applications.
As of September 2022, the company's shareholding pattern is promotors holding a maximum stake of 62.69% and the general public owning 37.31%. Furthermore, in comparison to March 2022, the promoters increased their 1.48% stake until September 2022.
Returns to the investors
The stock has seen significant buying activity, resulting in an astronomical gain of more than 1236% in just one year, making it a multibagger. Furthermore, it has increased by more than 897% in the last six months, with a multibagger return of more than 142% in just one month. The stock has a PE of 868x and an ROE of 0.89%. Keep an eye out for this multibagger stock.
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