Multibagger penny stock under Rs 100: This micro-cap company bags new order worth Rs 1,10,00,000 from OJU Subansiri Hydro Power Corporation Pvt Ltd!
The stock gave multibagger returns of 155 per cent in just 6 months whereas BSE Sensex Index is up by 13.42 per cent
On Tuesday, shares of DMR Hydroengineering & Infrastructures Ltd hit a 10 per cent upper circuit to Rs 96.92 per share from its previous closing of Rs 88.11. The stock also made a fresh 52-week high is Rs 96.92 per share. The shares of the company saw a spurt in volume by more than 6.55 times on BSE.
The sudden rise in the stock price was due to the company announcing that it has received a supplementary work order for the review and finalization of 2220MW OJU HEP DPR including technical support in obtaining clearances from CEA, CWC and assisting the management with the project development strategy. The order is worth Rs 1,10,00,000 from OJU Subansiri Hydro Power Corporation Pvt Ltd. The order will be completed in 6 months.
DMR Hydroengineering & Infrastructures is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels.
According to Standalone Half-yearly Results: The net sales increased by 38.64 per cent to Rs 3.14 crore, the operating profit increased by 7.86 per cent to Rs 0.89 crore and the net profit increased by 24 per cent to Rs 0.61 crore in H1FY24 compared to H1FY23.
According to Consolidated Half-yearly Results: The net sales increased by 48.96 per cent to Rs 3.14 crore, the operating profit increased by 100.6 per cent to Rs 0.89 crore and the net profit increased by 120.22 per cent to Rs 0.61 crore in H1FY24 compared to H1FY23.
DMR Hydroengineering & Infrastructures Ltd has a market cap of Rs 36.77 crore. The company has significantly reduced its debt burden. The current debt of Rs. 0.51 crore is only 1.7 per cent of its current market cap, which means that the company is almost debt-free.
The stock gave multibagger returns of 155 per cent in just 6 months whereas BSE Sensex Index is up by 13.42 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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