1,350 per cent returns: This multibagger micro-cap civil construction company signs MoU with Bhalaji Toll Road Private Limited!
The company has delivered good profit growth of 205 per cent CAGR over the last 5 years
On Friday, one of the gainers on BSE, shares of K&R Rail Engineering zoomed 3.35 per cent to Rs 504.50 per share from its previous closing of Rs 488.15. The stock has a 52-week high of Rs 544 and a 52-week low of Rs 19.05.
K&R Rail Engineering Ltd inform the exchange that the company has signed the Memorandum of Understanding (MOU) with Bhalaji Toll Road Private Limited with the intention of carrying out the services in the infrastructure segment of toll management, construction and maintenance of highways and allied infrastructure facilities as per the contract, for operation and maintenance of roads and highways under the infrastructure sector.
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K&R Rail Engineering Ltd is engaged in carrying on the business of laying private railway sidings on a turnkey basis. The shares of the company saw a spurt in volume by more than 2 times on BSE. The company reported positive numbers in its Quarterly Results and annual results. The company has delivered good profit growth of 205 per cent CAGR over the last 5 years
The stock gave multibagger returns of over 1,350 per cent in just 1 year whereas BSE Small-Cap Index is just up by 20 per cent. Investors should keep an eye on this stock in the upcoming sessions.