Viviana Power Tech Shares Hit Upper Circuit After Bagging a Massive New Order

It was a stellar day for investors of Viviana Power Tech as the company's stock soared, hitting its upper circuit limit. This surge came on the back of exciting news that the company has secured a significant new work order worth approximately₹265 crore.The fresh contract comes from a domestic entity, Madhya Gujarat Vij Company Limited (MGVCL). The scope of the work involves a turnkey project for the conversion of 11 kV HT overhead lines to underground cables. This system improvement scheme will be implemented across various divisions under MGVCL, including Nadiad, Halol, Dabhoi, Godhra, and Lunawada.This major win underscores the robust demand for the company's services in the power transmission and distribution sector.Investors reacted with strong optimism to the announcement, leading to a sharp rise in the company's share price. The stock locked in at the upper circuit, reflecting high buyer interest and confidence in the company's growth trajectory.Viviana Power Tech, a microcap company in the electrical equipment space, has been a standout performer for its investors. The stock is a true multibagger, having delivered exponential returns to those who invested early. Its journey from a small-cap player to a company with an order book crossing₹1,000 crore highlights a powerful growth storyThe company specializes in Engineering, Procurement, and Construction (EPC) projects for power transmission and distribution.This latest order from a state-run power entity not only boosts its revenue pipeline but also solidifies its reputation as a reliable partner in the power infrastructure domain.The stock has been on a strong upward trend, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive technical indicator for traders and investorsAs India continues to upgrade and expand its power infrastructure, companies like Viviana Power Tech are well-positioned to capitalize on the growing opportunities, making it a stock to watch in the coming months.