Penny stock under Rs 30: This civil construction company bags new order worth Rs 1,42,85,585.04 in Goregaon West, Mumbai
The promoters of the company own 73.13 per cent and non-promoters own 26.87 per cent stake in the company as of March 2024.
Manav Infra Projects Limited has secured two new projects in Mumbai. The first project involves inclined rock anchoring work in Goregaon West and has an estimated value of Rs 1,42,85,585.04, including GST.
The second project is for shore piling and rock anchoring works for the JADE PARK project in Vile Parle and is valued at approximately Rs 3,26,65,650 (excluding GST). Additionally, the company has been awarded a contract for the construction of a re-development project under the SRA scheme in Premnagar, Mumbai, with an estimated total project cost of Rs. 1,58,63,684, including GST.
Manav Infra Projects Ltd, established in 1995, is a construction company specializing in excavation, piling, road building, and rock stabilization. They also rent out a comprehensive range of construction equipment including excavators, loaders and rock breakers.
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Manav Infra operates across Maharashtra, Goa, Gujarat, Rajasthan, and several other Indian states, and their portfolio includes projects like the Kanakia Seven complex in Marol and road construction for JNPT. They've also collaborated with various clients including Nirmal Lifestyle and Axis Space Construction.
The company has a market cap of 15.93 crore. The stock falls under the SME segment with a lot size of 4,000 shares. The stock’s 52-week high is Rs 25.05 & a 52-week low of Rs 12.50. The promoters of the company own 73.13 per cent and non-promoters own 26.87 per cent stake in the company as of March 2024.
Disclaimer: The article is for informational purposes only and not investment advice.