Low PE multibagger stock under Rs 300: This small-cap construction company receives a contract worth Rs 182,33,99,706!

The stock is up by 47.64 per cent in the last 1 year and over 207 per cent in the last 3 years.

J Kumar Infraprojects Ltd informed that it has received a letter of acceptance (LoA) from Bangalore Metro Rail Corporation Limited for the “Construction of Airport Depot for Bangalore Metro Rail Project - Phase - 2B” for a total contract cost of Rs 182,33,99,706 exclusive of GST, in the name of J. Kumar - AICPL (Joint Venture) with M/s. AIC Infrastructures Private Limited where the share of J. Kumar Infraprojects Limited is 55 per cent, which comes to approximately Rs 100,28,69,838 exclusive of GST.  

Today, shares of J Kumar Infraprojects plunged 0.44 per cent to Rs 246.15 per share with an intraday high of Rs 251 and a low of Rs 245. The stock has a 52-week high of Rs 351.95 and a 52-week low of Rs 159.80.  

J Kumar Infraprojects Limited is engaged in the business of execution of contracts for various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction and Piling Work etc. Today, shares of the company saw a spurt in volume by more than 1.01 times on BSE,  

J Kumar Infraprojects is a Small-Cap company. In Q3FY23, net sales and net profit rose by 10.01 per cent and 21.06 per cent respectively over Q3FY22. In FY22, net sales and net profit zoomed 37.2 per cent and 222.11 per cent respectively over FY21. The stock has a PE of 6.81x whereas the sectoral PE is 26.7x.   

The stock is up by 47.64 per cent in the last 1 year and over 207 per cent in the last 3 years. Investors should keep an eye on this multibagger stock.