Rs 503 crore order book and 160 per cent returns: Heavy buying witnessed in this multibagger penny stock; PAT jumps over 190 per cent!

Shares of the company gained more than 100 per cent in the last six months.

Shares of Udayshivakumar Infra Limited gained about 12.36 per cent on Monday. The stock also made a new 52-week high today. The stock has witnessed heavy buying activity from investors from the last few days. The company has an order book of Rs 503 crore, which is to be executed over the next 12-24 months. Its healthy order book provides significant revenue visibility over the medium term.

Udayshivakumar Infra Limited has posted strong Quarterly Results in Q4FY24. The revenue of the company stood at Rs 159.40 crore which grew by 31.26 per cent YoY. The operating profit of the company stood at Rs 21.61 crore, which grew by 115.02 per cent on a YoY basis, while the PAT of the company stood at Rs 13.87 crore, which increased by 197.07 per cent on a YoY basis.

Udayshivakumar Infra Limited is engaged in the business of civil construction works for the State and Central Government and Government Civic Bodies and Corporations. The main objective defined by the founding board was to develop activities in small and medium industrial projects. In addition, it is also looking for opportunities in major industrial and infrastructure projects. The shares of Udayshivakumar Infra Limited have also delivered multibagger returns of over 160 per cent.

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.