Multibagger Penny stock under Rs 70 & Rs 270 crore order book: This micro-cap company receives order worth Rs 5,40,00,000 from National Highways Authority of India!
The stock is up by 50 per cent in 2 years and gave multibagger returns of over 300 per cent in 3 years.
Dhruv Consultancy Services Ltd (BSE Script Code: 541302: NSE Script Code: DHRUV), one of the leading infrastructure consultancy companies in India, informed that the company have received an order worth Rs 5,50,00,000 from the National Highways Authority of India. The order will be completed within 48 months from LOA.
In association with Kaius Consulting Private Limited, the company has received the order for providing consultancy services for independent engineer services for 4-Laning of NH-716 from Kadapa to Chinnaorampadu under Bharatmala Pariyojana in the State of Andhra Pradesh under HAM mode from the Office of General Manager (T)-Andhra Pradesh - National Highways Authority of India, New Delhi.
Earlier, the company received an order worth Rs 51,35,61,740 from the Chief Engineer (National Highway) - UPPWD, Lucknow for supervision of “construction of one Flyover at NH-730 in the State of Uttar Pradesh under EPC mode and will be completed within 24 months from LOA.
In the first quarter of fiscal year 2024, the company reported a 35.90 per cent decrease in net sales to Rs 11.32 crore, but a 98 per cent increase in net profit to Rs 0.89 crore, compared to the first quarter of fiscal year 2023. For the full fiscal year 2023, the company reported net sales of Rs 81.18 crore and net profit of Rs 4.82 crore. The company's current order book stands at over Rs 270 crore including orders received in Q1FY24. The company had a market cap of over Rs 90 crore.
On Wednesday, shares of Dhruv Consultancy Services plunged 3.38 per cent to Rs 58.60 per share with an intraday high of Rs 64.22 and an intraday low of Rs 58.64. The shares of the company saw a spurt in volume by more than 4.25 times on BSE.
The stock is up by 50 per cent in 2 years and gave multibagger returns of over 300 per cent in 3 years. 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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