Back-to-back upper circuit and 52-week high: This small-cap stock has rallied over 1236% in just a year!

Back-to-back upper circuit and 52-week high: This small-cap stock has rallied over 1236% in just a year!

by 5paisa Research Team Last Updated: Feb 27, 2023 - 04:04 pm 895 Views
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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.

Company profile 

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.

Shareholding pattern

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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