3,200% multibagger returns: Company bags purchase order of Rs 80 crore from Companion Vinimay Trading Pvt Ltd

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3,200% multibagger returns: Company bags purchase order of Rs 80 crore from Companion Vinimay Trading Pvt Ltd

The stock has given multibagger returns of 291 per cent from its 52-week low of Rs 43.55 per share and a whopping 3,200 per cent in 5 years.

Yogi Limited has received domestic purchase orders totalling approximately Rs 80 crore (excluding taxes) from Companion Vinimay Trading Private Limited. These orders are for the supply and delivery of a complete set of various industrial components, including Structure Assembly, Head Assembly, Rotary Table & Electrical Accessories, Tools Changer & Additional Axis and other accessories. The delivery of these products is expected to be executed within approximately 15 days, adhering to standard terms and conditions regarding quality, delivery schedule and mutually agreed pricing.

Additionally, the company has invested Rs 45 crore in Farewell Real Estate Private Limited through the subscription of 4,500 Optionally Convertible Debentures (OCDs), each with a face value of Rs 1,00,000. This investment, made as the first tranche, is under the Optionally Convertible Debenture Subscription Agreement executed between the parties and follows the approval of the Company's members via postal ballot.

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Established in 1994 as PIL, Yogi Ltd. has evolved into a prominent real estate developer, undergoing a business nature and name change in FY23. The company's diverse operations encompass real estate development, contracting, building, town planning, infrastructure development and engineering. Furthermore, Yogi Ltd. actively engages in buying, acquiring, renting and leasing all types of immovable and movable properties and deals in a wide range of assets including construction equipment, various types of properties (houses, shops, industrial sheds, plots, flats), vehicles, plants, machinery and technology assets like computers.

The company has a market cap of Rs 485 crore. The stock has given multibagger returns of 291 per cent from its 52-week low of Rs 43.55 per share and a whopping 3,200 per cent in 5 years.

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