Multibagger penny stock under Rs 60 and Rs 1,150 crore order book: Scrip hit back-to-back upper circuits; PAT zooms over 50 per cent!

The stock is up by 80 per cent in 1 year and gave multibagger returns of over 350 per cent in 3 years.

Today, shares of Brahmaputra Infrastructure Ltd were locked in a 2 per cent upper circuit to Rs 54.39 per share from its previous closing of Rs 53.33. The stock’s 52-week high is Rs 55.95 and its 52-week low is Rs 26.

In the recent trading sessions, the stock has seen heavy buying and hitting back-to-back upper circuits as the company announced its Quarterly Results and robust order book.

According to quarterly results, net sales increased by 55.9 per cent to Rs 60.61 crore and net profit increased by 52 per cent to Rs 3.86 crore in Q2FY24 compared to Q2FY23. According to half-yearly results, net sales increased by 42 per cent to Rs 114.22 crore and net profit increased by 42.6 per cent to Rs 7.43 crore in H1FY24 compared to H1FY23.

Order Book – The company have an order book of Rs 1,150 crore along with its Joint operations as of December 08, 2023.  

Founded in 1998, Brahmaputra Infrastructure Ltd. (BIL) is a versatile construction company with a strong foothold in diverse infrastructure sectors. BIL thrives in the EPC & Real Estate Development Business, undertaking projects ranging from the construction of bridges, flyovers, and highways to airports, buildings, tunnels, and even mining projects. They have successfully developed and managed the largest shopping mall in Northeast India, showcasing their expertise in large-scale infrastructure projects.

The shares of the company have a PE of 12.4x whereas the industry PE is 30.2x. The stock is up by 80 per cent in 1 year and gave multibagger returns of over 350 per cent in 3 years. Investors should keep an eye on this micro-cap civil construction stock.

Disclaimer: The article is for informational purposes only and not investment advice.