Multibagger stock under Rs 60 hit upper circuit after receiving an order worth Rs 1,00,00,000 from HDL Foods India Pvt Ltd
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The stock has given multibagger returns of 655.5 per cent from its 52-week low of Rs 7.68 per share.
On Wednesday, shares of Darjeeling Ropeway Company Ltd hit a 2 per cent upper circuit to Rs 58.02 per share from its previous closing of Rs 56.89 per share with 3 times spurt in volume. The stock’s 52-week high is Rs 66.28 per share and its 52-week low is Rs 7.68 per share.
Darjeeling Ropeway Company Limited has secured a domestic purchase order from HDL Foods India Private Limited. The contract, valued at Rs 1,00,00,000, is for the supply of 100,000 kg each of Moong (Whole), Math, and Mausami Chana. The terms and conditions, including the timeline for execution, will be mutually agreed upon by both parties. This order is a domestic transaction for the supply of goods.
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Darjeeling Ropeway Company Limited was incorporated in October 1936. The Company was taken over by new Management in 2018, led by Mr. Himanshu Shah with its teammates having experience in the field of Construction in the State of Gujarat. The company operate in Real estate activities on a works contract basis. In FY25, the company reported net sales of Rs 0.91 crore and net profit of Rs 0.27 crore.
The company has a market cap of Rs 17 crore with promoters holding 8.29 per cent, FIIs holding 2.62 per cent and the remaining 89.09 per cent is owned by the general public. The stock has given multibagger returns of 655.5 per cent from its 52-week low of Rs 7.68 per share.
Disclaimer: The article is for informational purposes only and not investment advice.