Multibagger low-priced stock under Rs 100: This micro-cap construction company bags a new order worth Rs 62,10,00,000 from RVNL!
Shares of the company gained more than 150 per cent in the six months.
HEC Infra Projects Limited has received work order for Design, Supply, Erection, testing, commissioning of Rss, cable lying, earthing, and bonding, HVAC and other associate work of Surat Metro Rail project from Rail Vikas Nigam Limited (RVNL) worth Rs 62.1 crores. The time period considered for the project is 15 months.
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HEC Infra Projects Limited has also delivered multibagger returns to its shareholders in less than one. During this period, the company’s share price jumped from Rs 28.70 on April 17, 2023, to Rs 90.95 on December 26, 2023, an increase of more than 200 per cent in less than a one-year holding period.
The company's sales in the most recent quarter Q2FY24 were Rs 15.27 crore, up 72.89 per cent year on year. The company's operational profit was Rs 1.40 crore, while its profit after tax (PAT) was Rs 0.64 crore, up 184.96 per cent year on year.
HEC is an EPC contractor that offers SITC services to a variety of governmental and commercial enterprises. HEC is a recognised 'Class A' EPC contractor with the Government of Gujarat's Roads and Building Department and a Class-1 registered contractor with the Central Public Works Department (CPWD). GETCO has also granted it a contractor licence.
Investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.