Penny stock below Rs 50: This micro-cap civil construction company receives new order worth Rs 210.98 crore from Jawaharlal Nehru Port Trust!

The stock is up 92 per cent from its 52-week low of Rs 24.04 per share and gave multibagger returns of over 770 per cent in a decade.

Today, shares of Niraj Cement Structurals Ltd gained 0.89 per cent to Rs 46.25 per share with an intraday high of Rs 46.76 and an intraday low of Rs 44.86. The stock’s 52-week high is Rs 48.49 and its 52-week low is Rs 24.04.  

Niraj Cement Structurals Limited (NCS) has secured work orders totalling Rs 210.98 crore from Jawaharlal Nehru Port Trust. The contracts include the upgradation of roads and drainage system outside custom-bound areas in J N Port Navi-Mumbai through an Engineering Procurement and Construction (EPC) mode of Jawaharlal Nehru Port Trust. The order will be completed within 24 months from the letter of intent (LOI).

Niraj Cement Structurals Ltd. is a construction company that provides end-to-end solutions for projects in a variety of sectors, including transportation, urban infrastructure, BRTS projects, industrial infrastructure, and irrigation. It also provides technical and financial support to its subcontractors.

The company has been in the business of speciality engineering construction and infrastructure for over 30 years, and it has a reputation for delivering high-quality projects in even the most challenging conditions.

The company has a market cap of Rs 185.72 crore and reported positive numbers in its Quarterly Results and annual results. The stock is up 92 per cent from its 52-week low of Rs 24.04 per share and gave multibagger returns of over 770 per cent in a decade. Investors should keep an eye on this micro-cap stock.

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