Platform Truck Manufacturer Receives Order Worth Rs 2,54,32,296.58 from Hindustan Aeronautics Limited (HAL)
DSIJ Intelligence-1Categories: Mindshare, Trending
The stock gave multibagger returns of 370 per cent in just 3 years and a whopping 600 per cent in 5 years.
Jost's Engineering Company Ltd. was awarded a significant order from Hindustan Aeronautics Limited (HAL) for 46 Platform Trucks (3 Wheeler). The purchase order, received at 2:07 p.m. on the same day, has a total value of Rs 2,54,32,296.58, which includes GST and other charges. The delivery of these vehicles is scheduled to be staggered, with a final completion date of December 2029.
Incorporated in 1907, Josts Engineering Company Ltd is a long-standing player in the manufacturing of material handling equipment (MHD) and a provider of engineered products (EPD) solutions. Its diverse applications cater to various industries, including Power, oil & gas, defence, aerospace, information technology, automobile, education, steel, oil and mining. The company boasts a robust service network across India, comprising 7 service centres and 17 dealers.
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On Friday, shares of Jost’s Engineering Company Ltd gained 2 per cent to Rs 382.20 per share from its previous closing of Rs 374.70 per share. The company has a market cap of over Rs 400 crore and has delivered good profit growth of 28 per cent CAGR over the last 5 years. The stock gave multibagger returns of 370 per cent in just 3 years and a whopping 600 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.