Back-to-back upper circuit in this penny stock: This micro-cap company with Rs 15 crore m-cap receives an order worth Rs 5.21 crore!

In the last year, the stock has gained more than 39 per cent.

Shares of DMR Hydroengineering and Infrastructure Limited were locked in the upper circuit today, gaining 5 per cent in today’s trade. In the last few days, the company has received multiple work orders worth Rs 5.21 crore. On April 21, 2023, the company informed in the exchange filing that it has received a work order for providing Engineering Consultancy Services for the Review of DPR work for Oju Hydroelectric Project located in Upper Subansiri District of Arunachal Pradesh on April 20, 2023. The order is worth Rs 1.65 crore.

The second order was received for a work order for detailed design and engineering services for the construction of the Raghavpur Multi-Purpose Dam Project in the state of Madhya Pradesh on April 24, 2023. The order was worth Rs 3.56 crore.

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

Today, the stock opened at Rs 40.79, with a high and low of Rs 40.79 and Rs 40.79, respectively. The stock closed trading at Rs 40.79, up by 5 per cent. The stock has a 52-week high of Rs 44.50 and a 52-week low of Rs 20.40. The company has a ROCE of 20.9 per cent and a ROE of 17 per cent with a market capitalization of Rs 15.2 crore.