Penny stock under Rs 40: This civil construction company receives order worth Rs 220.89 crore from Mumbai Metropolitan Region Development Authority!

The stock is up by 20 per cent in 3 months and over 40 per cent in 6 months.

Niraj Cement Structurals Limited informed that the company has received a work order for the design & construction of an elevated corridor from Bharath Diamond Bourse Company BKC to Vakola Junction (Beside Vakola Nallah) from Mumbai Metropolitan Region Development Authority (MMRDA) value of worth Rs 220.89 crore excluding GST. The order will be completed within 3 years 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.

On Friday, shares of Niraj Cement Structurals ended the trading session in red, down 3.60 per cent to Rs 35.66 per share with an intraday high of Rs 38.75 per share and an intraday low of Rs 35.55. The stock’s 52-week high is Rs 46.24 and its 52-week low is Rs 24.04.

The company has a market cap of Rs 143 crore and reported positive numbers in its Quarterly Results and annual results. The stock is up by 20 per cent in 3 months and over 40 per cent in 6 months. Investors should keep an eye on this micro-cap stock.

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