Penny stock below Rs 60 & Rs 300 crore order book: This micro-cap company receives new order worth Rs 5,56,57,000 from National Highways Authority of India!

The stock is up by 40 per cent from its 52-week low of Rs 43.26 per cent.

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 in association with Designilla Private Limited has received an order towards consultancy services, especially for independent engineer services during operation & maintenance Period for 2 laning of Khagaria - Purnea Section of NH - 31 in the state of Bihar under NHDP III on design, built, finance, operate and transfer (DBOT) annuity mode from the office of Regional Officer, National Highways Authority of India, Bihar.

The order is worth Rs 5,56,57,000 Exclusive of GST (Rupees five crores fifty-six lacs fifty-seven thousand only) and the contract’s period will be 60 months.

Today, shares of Dhruv Consultancy Services plunged 1.33 per cent to Rs 58.78 per share with an intraday high of Rs 59.83 and an intraday low of Rs 58.66. The stock’s 52-week high is Rs 71.90 and its 52-week low is Rs 43.26.

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 Q2FY24. The company had a market cap of over Rs 90 crore.

The stock is up by 40 per cent from its 52-week low of Rs 43.26 per cent. Investors should keep an eye on this micro-cap stock.

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