Penny stock under Rs 10: This civil construction company bags a new order worth Rs 2,90,00,000 from Apar Industries Limited
The shares of the company saw a spurt in volume by more than 3.15 times on BSE.
Shashijit Infraprojects Limited has been granted a Letter of Intent (LOI) for a store area land development project by Apar Industries Limited without steel & cement. As a prominent entity in the construction industry in South Gujarat, the company take great pride in securing this LOI for the store area land development project valued at approximately Rs 2,90,00,000 (excluding tax). The project site is located at their Khanwel-Unit VI, UT of DNH & DD.
This accomplishment represents a major achievement for Shashijit Infraprojects Limited, highlighting our dedication to providing exceptional construction services and driving progress within the regional construction industry.
Shashijit Infraprojects Limited is a construction company specializing in industrial, commercial, residential, and institutional buildings in Gujarat, Dadra and Nagar Haveli, and Daman and Diu. Their comprehensive services include general contracting, design-build, development, EPC, and PMC across various industry sectors like engineering, textiles, chemicals, pharmaceuticals, paper, healthcare, hospitality, education, and residential. With a proven track record, Shashijit Infraprojects Limited has completed over 100 industrial building projects.
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Earlier, the shares of the company ex-traded stock split of equity share in the ratio 1:5 i.e., existing equity shares of face value of Rs 10 each of the company shall be sub-divided into equity shares of face value of Rs 2 each of the company. The ex-record date was Friday, October 27, 2023. Furthermore, the company announced bonus shares in the ratio of 1:5 for a face value of Rs 10 each in 2018.
On Tuesday, shares of Shashijit Infraprojects Ltd surged 0.35 per cent to Rs 5.72 per share with an intraday high of Rs 5.91 and an intraday low of Rs 5.45. The shares of the company saw a spurt in volume by more than 3.15 times on BSE. The stock’s 52-week high is Rs 10.08 and its 52-week low is Rs 5.09. The company has a market cap of Rs 29.58 crore. 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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