Spectrum Electrical Industries Limited has recently secured a significant purchase order for the supply of 25 units of 0.35T PICA Whole Body MRI Machines, valued at Rs 62.22 crore, inclusive of taxes. This order was placed by Time Medical International Ventures (India) Private Limited, a wholly-owned subsidiary of Fischer Medical Ventures Limited. The delivery schedule includes 14 units by December 2024 and the remaining 11 units in January 2025. This contract not only underscores Spectrum’s capabilities in the medical equipment sector but also reflects the growing demand for advanced diagnostic technologies.
Established in 1995, Spectrum Electrical Industries Limited has carved out a niche in manufacturing electrical components and surface treatment for diverse industries. The company specializes in injection molding, electrical press components, and the surface treatment of automobile, electrical, and stamped parts. Known for its commitment to quality and innovation, Spectrum has built a solid reputation in its field.
Currently, the company boasts a market capitalization of over Rs 2,500 crore and has demonstrated robust profit growth, with a 22.2% CAGR over the last five years. Notably, the stock has risen by 76% from its 52-week low of Rs 926.05 per share and has delivered impressive multi-bagger returns of over 2,600% in the past three years. Investors should keep an eye on this small-cap stock as it continues to showcase growth potential.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to conduct their own research and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and investing in stocks involves risks, including the potential loss of principal.
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