21 times spurt in volume: Multibagger penny stock under Rs 10 hit 20% upper circuit on September 08

On Monday, shares of Salasar Techno Engineering Ltd hit a 20 per cent upper circuit to Rs 9.37 per share from its previous closing of Rs 7.81 per share. The stock’s 52-week high is Rs 23.27 per share and its 52-week low is Rs 6.89 per share. The shares of the company saw a spurt in volume by more than 21 times on the BSE.

Established in 2006, Salasar Techno Engineering Limited (STEL) is a leading provider of customised steel infrastructure solutions in India. They offer a comprehensive range of services, including engineering, design, fabrication, galvanisation and installation. STEL's product portfolio includes various towers (telecom, power transmission, lighting, etc.), substations, solar structures, railway electrification components, bridges and custom steel structures. Moreover, they act as an EPC contractor, managing complete projects for rural electrification, power lines and solar plants.

According to Quarterly Results (Q1FY26), the net sales of Rs 300.17 crore and net profit of Rs 8.79 crore. In FY25, the company reported net sales of Rs 1,447.43 crore and net profit of Rs 19.13 crore. An FII, Vikasa Global Fund PCC - Eubilia Capital Partners Fund I bought 1,00,00,000 shares in June as per the BSE exchange. The company has a market cap of over Rs 1,600 crore and as of December 31, 2024, STEL has a strong order book of Rs 2,198 crore. The stock is up by 36 per cent from its 52-week low of Rs 6.89 per share and has given multibagger returns of 460 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.