Upper circuit alert: Heavy buying witnessed in this multibagger infrastructure stock; hits fresh 52-week high!

Shares of the company gained more than 40 per cent in the last six months.

Shares of Likhitha Infrastructure Limited gained about 20 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. Likhitha Infrastructure Limited has posted robust Quarterly Results in Q4FY24. The revenue of the company stood at Rs 122.29 crore which grew by 4.3 per cent YoY. The operating profit of the company stood at Rs 28.30 crore which grew by 14.98 per cent on a YoY basis, while the PAT of the company stood at Rs 17.68 crore, which increased by 5.67 per cent on a YoY basis.

Likhitha Infrastructure is an oil and gas pipeline infrastructure service provider in India, focused on laying pipeline networks along with the construction of associated facilities and providing operations and maintenance services to the City Gas Distribution (CGD) companies in India. Shares of Likhitha Infrastructure Limited have also delivered multibagger returns of about 500 per cent in a five-year holding period. FIIs increased their stake in the company in March 2024.

A few months back, Likhitha Infrastructure secured a domestic order worth Rs. 106.12 crore from Hindustan Petroleum Corporation Limited. This project involves laying and constructing a steel pipeline along with associated works for the Haldia Panagarh Pipeline Project. Essentially, Likhitha will be building a cross-country pipeline with supporting facilities. The project needs to be completed within 15 months. 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.