Infrastructure Stock Under Rs 30, Jumps After Receiving EOI for Strategic Partnership & Collaboration from MEINHARDT Group, Asia’s largest privately owned EPC Company
The stock is up by 48 per cent from its 52-week low of Rs 16.89 per share and gave multibagger returns of 350 per cent in 3 years.
On Thursday, shares of Maruti Infrastructure Ltd gained 5.90 per cent to an intraday high of Rs 25 per share from its previous closing of Rs 23.61 per share. The stock’s 52-week high is Rs 40.05 per share and its 52-week low is Rs 16.89 per share. The shares of the company saw a spurt in volume by more than 1.91 times on BSE.
Maruti Infrastructure Ltd., a leading player in the infrastructure and construction sector, has received a significant boost with the expression of interest (EOI) from Meinhardt Group, Asia's largest privately-owned global planning, design, engineering, project, and construction management firm. This strategic partnership aims to revolutionize the industry by providing innovative and comprehensive solutions across various sectors, including buildings, industrial projects, infrastructure, and sports and recreation.
The collaboration between these two industry giants is expected to unlock new opportunities and drive growth for both companies. By leveraging Meinhardt's extensive global expertise and Maruti's strong local presence, the partnership will enable them to deliver cutting-edge solutions to clients worldwide.
The potential benefits of this partnership are immense. Meinhardt's technical prowess combined with Maruti's execution capabilities can lead to faster project delivery, cost optimization, and enhanced project quality. Moreover, the collaboration can open doors to new markets and projects, solidifying both companies' positions as leaders in the industry. As the definitive agreement is finalized, the specific terms and conditions, roles, responsibilities, and business volume will be disclosed.
About Meinhardt Group: Meinhardt is a premier independent engineering consultancy in Asia, boasting a global presence with 61+ Global offices and a team of 6,000+ staff across the world. With a storied history spanning 69 years, Meinhardt has undertaken a wide range of projects across India in multiple sectors in the last few years and their services encompass the project life cycle from feasibility study to Basic & Detailed design, bid process management, Procurement and project management in various sectors like Infrastructure & Master Planning, Roads, Highways & Bridges, Aviation, Metros and railways, Industrial (Semiconductor & EMS Plants, F&B, FMCG, Minerals & Metals, Iron & Steel plants etc.), Buildings, Data Centres etc
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About Maruti Infrastructure Ltd
Maruti Infrastructure, a seasoned player in the construction industry, was established in 1994. Over the past three decades, the Gujarat-based company has earned a strong reputation for its expertise in both residential and commercial projects, including EWS housing and urban infrastructure development. With a focus on Ahmedabad, Maruti Infrastructure offers comprehensive services ranging from professional construction to property management, ensuring the successful execution of civil, residential, and commercial projects.
The Government of India is taking various steps to boost infrastructure development in the country. Seeing the huge potential for growth in the infrastructure sector, the company has a positive outlook for the coming years. At present, the company has around Rs 200 crore worth of projects in hand, which are likely to be completed within the next two years. Currently, the company is primarily focused on constructing EWS housing projects under the Pradhan Mantri Awas Yojana (PMAY), which provides affordable housing to the lower-income segment of society. The company also plans to participate in upcoming bids and tenders issued by the Ahmedabad Municipal Corporation and other relevant authorities in the future.
The shares of the company ex-traded 1:2 bonus shares and 5:1 stock split on August 09, 2024. The company had a market cap of Rs 226 crore. The stock is up by 48 per cent from its 52-week low of Rs 16.89 per share and gave multibagger returns of 350 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.