Heavy buying and Rs 2,235 crore order book: Back-to-back upper circuit in this multibagger stock; Vijay Kedia owns 2.49 per cent stake!

Shares of the company have gained about 40 per cent in the last six months.

Shares of Om Infra Limited were locked in the upper circuit on Wednesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 40 per cent. The stock also made a fresh 52-week high on Wednesday.

The company posted weak Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 295.71 crore which declined by 14.7 per cent YoY. The operating profit of the company stood at Rs 33.89 crore, while the PAT of the company stood at Rs 3.20 crore, which declined by 59.01 per cent YoY.

Shares of Om Infra Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 48.75 on June 20, 2023, to Rs 184.13 on June 19, 2024, an increase of about 270 per cent in a one-year holding period. Ace investor Vijay Kedia owns a 2.49 per cent stake in the company.

Om Infra Limited, is an infrastructure co., having diverse business activities and interests related to Hydro-mechanical equipment, turnkey solutions for steel fabrication, Hydropower developments, Real Estate, Entertainment centers, and Hotels. The company has an order book of Rs 2,235 crore.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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