292 per cent returns from its 52-week low: Multibagger EPC wind-energy company bags new order worth Rs 28.44 crore from Junipar Green Energy Ltd

The stock gave multibagger returns of 292 per cent from its 52-week low of Rs 33.65 per share.

HEC Infra Projects Limited was awarded a significant project worth Rs 28.44 crore from Junipar Green Energy Limited, a domestic entity. This project involves the design, supply, installation, testing and commissioning of a 220 kV extra high voltage substation with complete civil work required for a 315 MW wind energy generation project.

This win, while relatively small, is a major step forward for HEC Infra Projects as they aim to become a leading enterprise in this sector. The successful completion of this project will open doors for similar future projects with both private and government departments. According to the Quarterly Results (Q4FY24) and annual results (FY24), the company reported positive numbers.

HEC Infra Projects Ltd (founded in 2005) is an electrical and electro-mechanical EPC contractor for governments and private entities. They design, supply, install, and commission a wide range of electrical projects, from power lines and substations to solar and water pumping systems.

On Friday, shares of HEC Infra Projects Ltd were locked in a 5 per cent upper circuit and made a fresh new 52-week high of Rs 131.83 from its previous closing of Rs 125.56. The company has a market cap of Rs 133.65 crore and debtor days have improved from 177 to 74.4 days. The stock gave multibagger returns of 292 per cent from its 52-week low of Rs 33.65 per share and investors should keep an eye on this micro-cap stock.

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

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