Upper Circuit & 52-Week High Alert: Micro-cap company secures Rs 53.10 crore major order from CyanConnode Pvt Ltd
DSIJ Intelligence-1 / 21 Jul 2025/ Categories: Multibaggers, Trending
The stock has given multibagger returns of over 150 per cent from its 52-week low of Rs 590 per share.
CWD Limited, a global leader in IoT design and manufacturing, has secured a significant domestic purchase order worth Rs 53.10 crore from CyanConnode Private Limited. This order is for the immediate supply of Cellular NIC (Network Interface Card) cards specifically designed for smart meters. This collaboration further strengthens the strategic partnership between the two companies, building upon their successful consortium for the Advanced Metering Infrastructure (AMI) services project previously undertaken in Goa.
This substantial order is poised to significantly bolster CWD Limited's revenue pipeline, highlighting the company's increasing prowess in the high-volume manufacturing of technologically advanced products. This success positions CWD Limited strongly within the rapidly expanding Internet of Things (IoT) and smart infrastructure markets, reinforcing its capabilities in delivering essential components for smart grid deployments.
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About the Company
CWD Ltd, founded in 2016, is an information and communication technology company that specialises in designing, developing, manufacturing and selling integrated software-electronic solutions. Their focus is on wireless technologies ranging from short-range radio (NFC, Bluetooth, Wi-Fi) to long-range communication (5G LTE).
They operate in two segments: consumer electronics and enterprise/business technology solutions. CWD offers a variety of products, including smart medical devices, vaccine trackers, cattle tracking devices, smart meter conversion kits, employee safety solutions, smart lighting components and Bluetooth modules for various applications.
On Monday, shares of CWD Ltd hit a 5 per cent upper circuit to Rs 1,521.45 per share from its previous closing of Rs 1,449 per share. The stock also made a fresh 52-week high is Rs 1,521.45 and its 52-week low is Rs 590. The company has a market cap of over Rs 650 crore. The stock has given multibagger returns of over 150 per cent from its 52-week low of Rs 590 per share.
Disclaimer: The article is for informational purposes only and not investment advice.