Penny stock under Rs 40: This civil construction company receives order worth Rs 292.44 crore from National Highway & Infrastructure Development Corporation Ltd!
The stock is up by 30 per cent in 3 months and over 50 per cent in 6 months. Investors should keep an eye on this micro-cap stock.
Niraj Cement Structurals Limited informed that the company has received a work order for the construction of a two-lane with paved shoulders road from Tamenglong to Mahur in the state of Manipur near Dialong Village on EPC mode from National Highway & Infrastructure Development Corporation Limited (NHIDCL). The order is worth Rs 292.44 crore and will be completed within 18 months from the letter of intent (LOI).
Earlier, the company received a work order for the design and construction of an elevated corridor from Bharath Diamond Bourse Company BKC to Vakola Junction (Beside Vakola Nallah) from the 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 Ltd surged 4 per cent to Rs 40.50 per share from its previous closing of Rs 38.95. 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 156.40 crore and reported positive numbers in its Quarterly Results and annual results. The stock is up by 30 per cent in 3 months and over 50 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.
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