Brahmaputra Infrastructure hits 20 per cent upper circuit

An order win of Rs 293.8 crore gives wings to this small-cap stock

Brahmaputra Infrastructure today created a fresh 52-week high of Rs 34.55 as it soared by 20% on the back of a relatively huge order win of Rs 293.88 crore. The contract has been received from the mission director of Assam Skill Development Mission for the design and construction of ASU campus development including landscape, internal roads, drainage, water bodies, electrification, and building works such as canteen, hostels, laboratories, etc.  

The market cap of the company had barely crossed Rs 100 crore. The consolidated revenues in FY21 stood at Rs 163 crore. And this is what makes this order truly massive, considering the financial position of the company. No wonder the stock has hit the upper circuit.  

Brahmaputra Infrastructure Ltd is into EPC and real estate development business which is engaged in the construction of various projects like highways, flyovers, tunnels, mining projects, etc. The stock has a 52-week low of Rs 9.44 and has closed at Rs 34.55 today on BSE.