Low PE high ROE multibagger stock: This small-cap company has been declared as an L-1 bidder for a project worth Rs 925.11 crore!

The stock has a PE of 13.82x whereas the industry PE is 33.22x and an ROE of 30.51 per cent.

Today, shares of H.G. Infra Engineering Ltd (HGIEL) surged 4.83 per cent from their previous closing of Rs 773.60 to Rs 811 per share with an intraday high of Rs 823 and a low of Rs 775.05. The stock has a PE of 13.82x whereas the industry PE is 33.22x and an ROE of 30.51 per cent respectively. The stock also traded at a new 52-week high of Rs 823.  

Recently, the company has been declared as the lowest bidder (L1) has been declared as L-1 bidder by the National Highways Authority of India (NHAI) for the construction of 6 lane greenfield Varanasi-Ranchi-Kolkata highway from 358.5 km to 387.2 km under Bharatmala Pariyojani in the State of Jharkhand on hybrid annuity mode.  

 The project includes the redevelopment of Kanpur Central Railway Station at Kanpur on engineering, procurement and construction (EPC) mode in the State of Uttar Pradesh.  

H.G. Infra Engineering Limited (HGIEL) is an Indian road infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works. Today, shares of the company saw a spurt in volume by more than 1.72 times on BSE.  

According to the Quarterly Results and annual results the company has reported positive numbers. The stock gave multibagger returns of 179.66 per cent in just 2 years. Investors should keep an eye on this multibagger Small-Cap stock.