If you are on the lookout for multibagger stocks, Vedavaag Systems shares deserve your attention. This stock has delivered excellent returns to its investors in a short period. Recently, the company secured a significant order worth crores of rupees, further boosting its prospects. On Friday, Vedavaag Systems shares surged by 8 percent, closing at Rs 55.01 per share. The stock’s 52-week high stands at Rs 64.50, while its 52-week low is Rs 36. Additionally, the company’s market capitalization has increased to Rs 126.11 crore.
Received Rs 72 Crore Order
Vedavaag Systems has successfully secured an order worth Rs 72 crore from IRIS Global Services Private Limited, based in New Delhi. The order entails the implementation of the SITCM (Supply, Installation, Testing, Commissioning, and Maintenance) of an IP-based Video Surveillance System (VSS). This project will cover 1002 railway stations under the Western Zone of Railways. The order was bagged from RAILTEL CORPORATION OF INDIA LIMITED.
Stock Performance
In the last two trading days alone, shares of Vedavaag Systems have witnessed a strong rally of 27 percent. Over the past three years, the company’s shares have yielded an impressive return of 170 percent. Remarkably, over the last nearly 10 years, the company has generated a remarkable profit of 615 percent for its investors.
