52-week high alert: Multibagger construction company bags order worth Rs 3,290 crore for marine project!

Shares of the company have jumped more than 130 per cent in the last 6 months.

On August 31, 2023, ITD Cementation India Limited informed in the exchange filing that it had secured an order for a marine contract worth approximately Rs. 3,290 crores.

Earlier, on August 10, 2023, the company also bagged another order from Power Grid Company of Bangladesh Limited worth USD 205 million for the design, supply, installation, testing and commissioning of the Jamuna River crossing portion of the Bogura-Kaliakair 400 kV double circuit transmission line on turnkey basis.

ITD Cementation India Limited is one of the leading Engineering and Construction companies undertaking heavy civil, infrastructure and EPC business. It has operating in India for nine decades with an established presence and expertise in marine structures, mass rapid transit systems, airports, hydroelectric power, tunnels, dams & irrigation, highways, bridges & flyovers, industrial buildings and structures, foundation & specialist engineering.

Today, the stock opened at Rs 228.85, with a high and low of Rs 249.40 and Rs 226.20. The stock is currently trading at Rs 237.60, up by 9.15 per cent.

In the last 6 months, the shares of the company have given more than 130 per cent returns and on a YTD basis, the stock has given about 80 per cent returns.

The stock has a 52-week high of Rs 249.40 and a 52-week low of Rs 93.75. The company has an ROCE of 19 per cent and an ROE of 10.5 per cent, with a market capitalisation of Rs 4,068 crore.

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