Rs 12,434 crore order book and FIIs & DIIs increase stake: Heavy buying witnessed in this multibagger infrastructure stock; gains over 250 per cent!

Shares of the company gained more than 50 per cent in the last six months.

H.G. Infra Engineering Limited has posted strong Quarterly Results in Q4FY24. The shares of the company gained more than 15 per cent on Tuesday. The revenue of the company stood at Rs 1708.26 crore which grew by 11.26 per cent YoY. The operating profit of the company stood at Rs 338.16 crore which grew by 11.33 per cent on a YoY basis, while the PAT of the company stood at Rs 189.90 crore, which increased by 11.43 per cent on a YoY basis.

H.G. Infra Engineering Limited (HGIEL) is an Indian Road Infrastructure Company engaged in the business of Engineering, Procurement, and Construction (EPC) Services, Maintenance of roads, bridges, flyovers, and other infrastructure contract works. The company is majorly engaged in road construction activities through EPC Business with a selective focus on Hybrid Annuity Model (HAM) Projects.  FIIs & DIIs have increased their stake in the company in March 2024. The company has an order book of Rs 12,434 crore.

The company along with its eight HAM SPVs is primarily involved in the construction of roads and highways in Odisha, Telangana, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh. The shares of H.G. Infra Engineering Limited have also delivered multibagger returns to its shareholders in the last three years. During this period, the company's share price surged from Rs 358.45 on May 21, 2021, to Rs 1380.10 on May 14, 2024, representing an increase of about 280 per cent in a three-year holding period.

The stock has shown impressive growth, and investors should keep a close eye on this stock.   

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