Voltamp Transformers share price jumped over 6% in early trade on Friday after the company announced the receipt of an order worth a little over ₹85 crore. The small-cap stock surged as much as 6.17% to ₹8,566.75 apiece on the BSE.
Heavy electrical equipment maker informed that it received a Letter of Intent (LoI) from Gujarat Energy Transmission Corporation Limited, for ₹85.05 crore (inclusive of GST) for supply of various ratings of Power Transformers.
The nature of the order includes design, manufacture, test and supply of various ratings of Power Transformers as per tender specification. The time period by which the order is to be executed is within 6 months.
Voltamp Transformers share price has gained 19% in one month and 7% in three months. The small-cap stock has fallen 18% on a year-to-date (YTD) basis, and has declined 16% in one year. However, over the past three years, Voltamp Transformers share price has delivered multibagger returns of 205%, while the stock has jumped 623% in five years.
At 10:35 AM, Voltamp Transformers share price was trading 5.65% higher at ₹8,524.70 apiece on the .