Shares of Magnus Steel & Infra experienced a remarkable surge, hitting an intraday high of ₹193 on May 11, marking a 975% increase over the past six months. This growth comes despite a broader market selloff, driven by the company's recent empanelment as an approved steel supplier for Tata Motors' automobile manufacturing projects in Gujarat and Maharashtra. The company will provide various steel products for the construction of industrial sheds at these facilities. Magnus Steel has already executed orders worth approximately ₹8.50 crore during March and April 2026 and anticipates an additional order pipeline of nearly ₹24 crore for FY27, potentially bringing the total engagement size to around ₹32.50 crore. The company's transformation from IT services to steel trading has significantly improved its financial performance, with a reported revenue of ₹22.58 crore and a net profit of ₹4.51 crore for FY26. Over the past five years, the stock has surged nearly 11,000%, demonstrating its potential as a multibagger investment.