Small-cap multibagger soars 36,700% in 5 yrs on ₹280cr Oil India project

A small-cap multibagger stock that has delivered a staggering 36,700% return over the past five years surged further after securing a ₹280 crore project from Oil India Ltd. The company announced that the new contract will significantly boost its order book and strengthen its position in the energy services sector.

Market experts noted that the stock’s meteoric rise has been fuelled by consistent earnings growth, diversification into high-margin projects, and strong execution capabilities. The latest deal from Oil India is expected to contribute meaningfully to revenues in the coming quarters, adding to investor enthusiasm.

Analysts, however, caution that despite the company’s robust track record, the recent rally has stretched valuations, and investors should watch for execution timelines and margin performance before taking fresh positions.