Have you noticed this outperforming low price infra stock yet?

The stock is up by nearly 3 per cent on an intraday basis when Sensex is up by 92 points or 0.18 per cent.

With the COVID-19 cases being at a two-month low and markets rally continuing its northward journey, the stock prices of even the beleaguered sectors are expected to show some support at lower levels. 

The uniqueness of the current rally is the participation from various sectors including, infrastructure. Ramky Infra is one such beleaguered infra company that is buzzing on the bourses during Monday’s trading session. The stock is up by nearly 3 per cent on an intraday basis when Sensex is up by 92 points or 0.18 per cent.  

Besides, the company had posted a profit of Rs 30.01 crore in December 2020 quarter after three consecutive quarters of losses. There is a buzz in the markets that the company can get debt-free with its assets that produce annuity income and also, with the cash that it expects to receive from different government authorities for the work completed. The Pharma City in Vishakhapatnam is maintained by Ramky Infra and is expected to make some profits, starting next year. Almost one-fourth of Hyderabad Outer Ring Road is owned by Ramky Infra, through which, it generates healthy annuity income as it does for Srinagar-Banihal road. Ramky Infra has expertise in laying water pipelines and sewage lines while the demand for such infrastructure work is expected to rise in the coming years. 

In one year, the stock went up by 169.19 per cent while in one month, it gained more than 14 per cent. In a three-year period, the stock is down by 41.52 per cent.