245% Return In 1-Yr: Small Cap Engineering Co Bags Rs 924 Cr Order, Shares Rally

Small cap stock from the Engineering sector, Skipper Ltd bagged a new order worth Rs 924 crore today from Power Grid Corporation of India and for various other domestic T&D projects. Skipper shares zoomed nearly 7% after the company informed the latest update and currently trading at Rs 240.10 per share on BSE. Skipper shares offered 107% return in last 6-months and soared 245% in last 1-year. Check more details pertaining to the order below:

Skipper Wins Rs 924 Crore Order: As per the BSE filing of the company issued today, the company said it bagged orders in the Domestic T&D business of Rs 788 crores from Power Grid Corporation of India Ltd (PGCIL) and secured orders worth Rs. 136 crores for several other Domestic T&D projects including Telecom.

Sharan Bansal, Director Skipper Limited said "We are pleased with the new order inflows of Rs. 924 crores from PGCIL and other customers, the consistent order inflows in the T&D business have led to a total order in-flow YTD of Rs. 2,727 crores, registering an impressive ~220% growth over last year till date."

He further added, "Going forward, the marketplace looks exciting and ripe with opportunities. We are well positioned to capture these opportunities and deliver continuous growth and value creation. A strong Engineering order book and a robust Bidding Pipeline in excess of Rs. 10,000 crores give us good visibility and confidence of achieving the desired growth and deliver up to your expectations."

Skipper Stock Performance & Return: Current market price of Skipper share on BSE is Rs 240.10 per share with intraday gain of 2.19. Skipper shares opened at Rs 237.30 per share, touched day's high of Rs 252.30 per share, and day's low of Rs 237.30 apiece, respectively. The stock's 52-week high price is Rs 254.90 per share and 52-week low price is Rs 67.45 per share, respectively. Skipper has a market capitalisation of Rs 2473.84 crore. Skipper shares soared 89% YTD, gained 221% in last 2-years, and offered a rally of 413% in last 3-years. In last 5-years, Skipper shares gained 152%.

Skipper About: Skipper Limited established in 1981 is one of the leading companies in the Power Transmission & Distribution and the Polymer segment. With over 42+ years of domain knowledge it is largest in India and tenth globally basis the manufacturing capacity. Skipper differentiates its offerings with high quality but cost effective solution for infrastructure providers and telecom operators. Its international footprint spans across continents such as Latin America, Europe, and Africa and is spread across 55+ countries with presence across sub-segments such as Towers, EPC, Monopoles, Poles and Railway Electrification Structures. Skipper Limited is a national powerhouse in the Polymer pipe business.

Disclaimer

The stock just highlights the shares rally after receiving new order and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.