Rs 16,447 crore order book and DIIs increase stake: Mukul Agrawal gains Rs 8,78,00,000 in this multibagger stock in just one day; bags new order worth Rs 582.68 crore!

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

Shares of J Kumar Infraprojects Limited gained about 10 per cent on Friday. The stock witnessed heavy buying activity from investors on Friday. Ace investor Mukul Mahavir Agrawal holds a 2.64 per cent stake in the company. The company reported robust Quarterly Results for Q2FY24. J Kumar Infraprojects delivered a strong Q2 FY24, with sales jumping 9 per cent to Rs 1,104 crore. The operating profit climbed 6 per cent, while net profit rose to Rs 73 crore, from Rs 67 crore a year ago.

Ace investor Mukul Mahavir Agrawal made a killing on Friday, gaining over Rs 8.78 crore in profit on his 20,00,000 shares in J Kumar Infraprojects, which soared by Rs 43.90 per share. The stock has also delivered multibagger returns of over 250 per cent in the past three years.

The company has bagged a major contract to build a 4-lane elevated corridor in Chennai, India. The project, awarded by the Highway Department, will cost a whopping Rs 582.68 crore and take 24 months to complete. This is a significant win for the company and will boost Chennai's infrastructure development.

J Kumar Infraprojects Limited is engaged in the business of execution of contracts for various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction and Piling Work, etc. The company has an order book of Rs 16,447 crore and DIIs increased their stake in the company in September 2023.

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.