52-week high alert in this penny stock under Rs 10: This micro-cap construction company receives project worth Rs 37,07,34,207.90!
The shares of the company have a PE of 5.56x and a ROE of 23 per cent.
Madhav Infra Projects Limited received of letter of acceptance (LOA) for the construction of a railway over the bridge in lieu of the level crossing of the Bina- Katni Track on Damoh-Badakpur Road, Damoh District (M.P.) from the Office of The Executive Engineer Public Work, Department Bridge Construction Division SAGAR (M.P.) The total cost of the work at the accepted rate works out to Rs 37,07,34,207.90 (Rupees Thirty-Seven Crore Seven Lakh Thirty-Four Thousand Two Hundred and Seven and Ninety Paise Only)
Today, one of the Top Gainers in BSE, shares of Madhav Infra Projects Limited surged 3.93 per cent to make a new 52-week high of Rs 6.88 per share from its previous closing of Rs 6.62 per share.
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Madhav Infra Projects Limited is engaged in the business of infrastructure development and solar power generation. It is the in-house EPC arm of the Madhav group.
According to the financials, the company reported excellent Quarterly Results and annual results. The net sales increased by 11.44 per cent to Rs 512.70 and net profit skyrocketed by 446.13 per cent to Rs 36.57 in FY23 over FY22.
The shares of the company have a PE of 5.56x and a ROE of 23 per cent. The stock is up 60 per cent in just 1 month. Investors should keep an eye on this stock.