240 per cent returns in this multibagger stock: This micro-cap company receives order worth Rs 1.70 crore from KSR Infracon Private Limited!

The stock gave multibagger returns of 240 per cent in just 6 months whereas BSE Sensex Index is up by 10 per cent.

On Friday, shares of DMR Hydroengineering & Infrastructures Ltd jumped 5 per cent upper circuit to Rs 69.85 per share from its previous closing of Rs 67. The stock’s 52-week high is Rs 78.82 and its 52-week low is Rs 20.40

The sudden rise in stock price is due to the company receiving a new order worth Rs 1.70 crore plus applicable taxes only from KSR Infracon Private Limited. The order includes consultancy services for detailed design and engineering for the Sabarmati Dam Project of the Water Resources Department located at Zone - Jodhpur, Rajasthan. The order will be completed in 36 months from LOI.  

Earlier, the Board of Directors of the company announced a final dividend of Rs 0.11 per share for the financial year ended March 31, 2023. The ex-dividend date was September 01, 2023.

DMR Hydroengineering & Infrastructures is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels.

According to the financials, DMR has a market cap of Rs 26 crore. The company reported positive numbers in its half-yearly results and annual results. Furthermore, the company has significantly reduced its debt burden. The current debt of Rs. 0.51 crore is only 1.92 per cent of its current market cap, which means that the company is almost debt-free.

The stock gave multibagger returns of 240 per cent in just 6 months whereas BSE Sensex Index is up by 10 per cent. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.