Under Rs 100: Microcap Infra Company Hits Upper Circuit for 10-Day Back-to-Back; Stock Gains Over 200 per cent in Just 1 Month Only!
The company’s shares have delivered an impressive return of over 200 per cent in just 1 Month Only.
Rachana Infrastructure Limited is an India-based infrastructure and construction company engaged in constructing road projects on a bill of quantities (BOQ) and engineering, procurement, and construction (EPC) basis.
On Friday's trading session, the share of Rachana Infrastructure Limited opened at Rs 92.60 per share, compared to the previous day's closing figure of Rs 92.60 per share on the BSE. The stock has attracted a heavy volume, reflecting strong demand in the market, and hits the upper circuit. The current market capitalization stands at Rs 172.28 crore, and the stock has generated an impressive multibagger return of over 200 per cent in just 1 month only.
As per the Quarterly Results, in the fourth quarter of FY24, Rachana Infrastructure Limited recorded a revenue of Rs 64.80 crore. The operating profit for Q4 FY24 stood at Rs 4.97 crore. The net profit for Q4 FY24 was Rs 2.90 crore. Looking at the annual performance, the company generated a revenue of Rs 91.48 crore in FY24, compared to Rs 63.52 crore in FY23. The operating profit for FY24 was Rs 7.10 crore, with a net profit of Rs 3.63 crore.
Regarding the shareholding pattern, the promoters own 65.38 per cent of the company and the public or retail investors hold 34.62 per cent while Neither FIIs (Foreign Institutional Investors) nor DIIs (Domestic Institutional Investors) own any stake in the company.
Rachana Infrastructure Limited is an India-based infrastructure and construction company engaged in constructing road projects on a bill of quantities (BOQ) and engineering, procurement, and construction (EPC) basis. Its segments include infrastructure, quarry mining, and trading. The company specializes in constructing various types of roads such as four-lane highways, two-lane highways, state highways, and major district roads. Additionally, it undertakes road projects for urban development and town planning schemes, as well as the resurfacing and reconstruction of city roads. Rachana Infrastructure also constructs multi-storied buildings including schools, colleges, and hostels. The company is involved in dam projects and lift irrigation works in Maharashtra. It has also conducted mining operations for various clients at its own mines in Vadagam, Gujarat. These mining projects operate at depths of almost 100 feet below ground level and have produced millions of tons of aggregate.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.