220 Per Cent Multibagger Returns: Civil Construction Company Bags Multiple Orders Worth Rs 56,82,00,000 From Reliance Group
The stock gave multibagger returns of 220 per cent from its 52-week low of Rs 39 per share.
Sonu Infratech Ltd received work orders amounting to Rs 56,82,00,000 from Reliance Group
1) Reliance Industries Limited: Purchase order of approx. Rs 5,478 lakh for civil repair & maintenance at DTA, civil repair & maintenance at SEZ, civil repair & maintenance at C2 Complex, civil repair & maintenance at OMSH and civil repair & maintenance at PCCS.
2) Reliance Sibur Elastomers Private Limited: Purchase order of approx. Rs 118 lakh for civil repair & maintenance at IIR and civil repair & maintenance at IIR MPC.
3) Reliance Syngas Limited: Purchase Order of Approx Rs 86 lakh for civil repair & maintenance at DTA PCG MPC, civil repair & maintenance at PCG and civil repair & maintenance at SEZ PCG.
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Sonu Infratech Limited provides construction contracting services. The company offers civil construction, structural painting, mechanical scaffolding, and project management and maintenance services. Sonu Infratech serves customers in India.
Talking about the financials, the company has a market cap of Rs 98 crore with a 1-year stock price CAGR of 30 per cent. According to its half-yearly results, the net sales increased by 125 per cent to Rs 45 crore while net profit increased by 200 per cent to Rs 3 crore in H1FY25 compared to H1FY24. The net sales increased by 41 per cent to Rs 90 crore in FY24 compared to FY23. The company reported a net profit of Rs 3 crore in FY24.
The stock gave multibagger returns of 220 per cent from its 52-week low of Rs 39 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.