3,000 per cent returns: This multibagger civil construction company bags new order worth Rs 4,000 crore from Muktinath Darshan Pvt Ltd!

The stock gave multibagger returns of 1,175 per cent year to date and a whopping 3,000 per cent in just 1 year.

On Friday, one of the Top Gainers on BSE, shares of K&R Rail Engineering Ltd zoomed 5 per cent upper circuit to Rs 863.35 per share from its previous closing of Rs 822.25. The stock also traded at a new 52-week high of Rs 863.35 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits and 52-week highs.

K&R Rail Engineering Ltd informed the exchange that the company has signed an MOU with Muktinath Darshan Private Limited for the execution of a cable car project in the Gandaki province of Nepal valued at USD 500 million or Rs 4,000 crore (Rs 80 per USD). The total length of the Cable Car Project is about 84.32 kilometres and will be executed within 48 months from LOI.

K&R Rail Engineering Ltd is engaged in carrying on the business of laying private railway sidings on a turnkey basis.  The company has a market cap of over Rs 1,300 crore and reported positive numbers in its Quarterly Results and annual results. The company has delivered good profit growth of 259 per cent CAGR over the last 3 years

The shares of the company saw a spurt in volume by more than 2 times on BSE. The stock gave multibagger returns of 1,175 per cent year to date and a whopping 3,000 per cent in just 1 year. Investors should keep an eye on this Small-Cap stock in the upcoming sessions.

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