Multibagger stock under Rs 100: Construction and Building Materials company bags new order worth Rs 21,26,250 from Larsen and Toubro Ltd
The stock gave multibagger returns of 662 per cent in 1 year and a whopping 1,200 per cent in 2 years.
Constructions Infra Limited has secured a domestic contract from Larsen & Toubro Limited valued at Rs 21,26,250 (excluding taxes). The contract involves the supply of wet ash to be used in the Madras Peripheral Ring Road Project (MPRRP). The project is scheduled to be completed between August 19 and November 30, 2024.
On Monday, shares of Constructions Infra Limited were locked in a 2 per cent upper circuit to Rs 93.28 per share. The stock also made a fresh 52-week high of Rs 93.28 per share and gave multibagger returns of over 750 per cent from its 52-week low of Rs 10.93 per share. The shares of the company saw a spurt in volume by more than 10.58 times with a total of 80,101 quantity traded on BSE.
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.
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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 116.87 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 662 per cent in 1 year and a whopping 1,200 per cent in 2 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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