Multibagger stock at Rs 126.35, hit upper circuit & 52-week high; Company bagged orders worth Rs 16,43,00,000 & Board meeting today for fundraising through preferential issue!
The stock gave multibagger returns of 815 per cent in 1 year and a whopping 2,625 per cent in 5 years.
On Thursday, shares of Constructions Infra Limited were locked in a 2 per cent upper circuit to Rs 126.35 per share. The stock also made a fresh 52-week high of Rs 126.35 per share and gave multibagger returns of over 1,000 per cent from its 52-week low of Rs 10.93 per share.
A Meeting of the Board of Directors of the company is scheduled to be held on Thursday, September 19, 2024, inter alia to consider the proposal for fundraising through preferential issue by way of private placement of equity shares and/or convertible securities of any description or warrants, under the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, Companies Act, 2013 and other applicable laws.
Constructions Infra Limited has secured two significant contracts. Order 1, valued at Rs 16 crore, involves the construction of a residential apartment under a joint development agreement with Mrs Sundari. The project is expected to be completed within 24 months. In Order 2, the company has been awarded a Rs 43 lakh contract from EKK Infrastructure Limited for a purchase order. Both contracts are domestic and are expected to contribute positively to the company's financial performance.
Constronics Infra Ltd., established in 1992, initially operated as a pharmaceutical company. However, a change in management in fiscal year 2018 led to a significant shift in the company's direction. It transitioned its primary focus to the construction and infrastructure sector, engaging in the trading of essential building materials.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
The company's product portfolio includes a range of materials crucial for construction projects. Manufactured sand (M-sand), produced by crushing rocks or larger aggregates, is used for various construction purposes. Plastering sand (P-sand) is employed to protect exposed surfaces from rainwater and other atmospheric elements. Blue metal, consisting of aggregates like sand, gravel and crushed rock, is a key component in concrete, accounting for a substantial portion of its volume. In addition, Constronics Infra Ltd. offers ready-mix concrete, pre-mixed building material and solid blocks, which are concrete foundations typically used in construction.
The company has a market cap of Rs 158.30 crore. The shares of the company have an ROE of 118 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of 815 per cent in 1 year and a whopping 2,625 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.