Multibagger! Tara Chand Infralogistic stock gains 353% in a year, up nearly 1000% in 3 years
Tara Chand Infralogistic Solutions was one of them. The company's shares, valued at ₹89 each just a year ago, have soared by an impressive 353% to trade at the current level of ₹404.
The long-term performance is even more remarkable, with the shares gaining 992% over three years. On May 14, the shares reached a new record high of ₹468 apiece.
The company has been serving India’s infrastructure development and industrial capacity expansion needs for four decades through its three verticals: warehousing & multi-modal transportation, construction equipment rental, and turnkey infrastructure and project execution. Also Read: Hindustan Zinc stock hits 20% upper circuit to touch new record high; up 133% in CY24 so far – here's why In the transportation and warehousing segment, the company efficiently manages and transports various steel products, including long, flat, and structural items, while also overseeing stockyards for major PSUs such as SAIL and Rashtriya Ispat Nigam (RINL), handling a load exceeding 10 million metric tons per annum (MTPA).
As of May 1, 2024, the order book for this segment stood at approximately ₹76 crore, slated for execution by the end of FY25. In the equipment hiring segment, it boasts a state-of-the-art fleet comprising 312 machines, encompassing heavy cranes, rubber tyre gantry, hydraulic piling rigs, aerial working platforms, and steel processing and concrete equipment, with handling capacities ranging from 10 MT to 800 MT.
Also Read: BSE Power index records 107% surge in a year, 9 stocks jump between 100% and 400% The total handling capacity surpasses 3,000 MT, with an average fleet age of five to six years. The company follows a strategy of retiring machines after 9–10 years of service,
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