600 per cent returns: This civil construction company bags order worth Rs 1,008 crore!

The company has secured total orders worth Rs 5,122 crore in Q1FY24.

On June 30, 2023, Kalpataru Projects International Limited informed in the exchange filing that the company and its international subsidiaries have secured new orders of Rs 1,008 crore. The company has secured total orders worth Rs 5,122 crore in Q1FY24 on a consolidated basis.

The first order is from the T&D business of Rs 635 crores in India and overseas markets. The second order is for civil works for buildings in India of Rs 373 crores.

Kalpataru Projects International is engaged in the business of power transmission and distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing, and logistics business with a strong international presence in power transmission & distribution.

On Friday, the stock opened at Rs 530.55, with a high and low of Rs 539.85 and Rs 527.25. The stock closed trading at Rs 537.10 up by 1.63 per cent. The stock has a 52-week high of Rs 599.15 and a 52-week low of Rs 345.00.

In the last 6 months, the shares of the company have given about -5 per cent returns, and in the last one year, the stock has given more than 50 per cent returns. While in the last ten years, the stock has gained about 680 per cent. The stock has shown tremendous growth, and investors should keep a close eye on this stock.