Heavy buying: Back-to-back upper circuit in this multibagger railway stock; gains over 110 per cent!
The company bagged new orders worth Rs 82.94 million from various Indian Railway zones.
Shares of BCPL Railway Infrastructure Limited were locked in the upper circuit on Thursday, 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.
Recently, BCPL Railway Infrastructure Limited secured three new contracts from various Indian Railway zones. The largest project involves 25 KV electrification work on the Northern Railway's Firozpur Division, valued at Rs. 53.26 million and expected to be completed in 9 months. Additionally, they received an order for a traction substation at Barasat in the Eastern Railway's Sealdah Division for Rs. 24.98 million, with a 12-month completion timeframe. Finally, BCPL will provide and lay concrete foundations for the Araria-Galgalia RE Project under Northeast Frontier Railway for Rs. 4.7 million, to be finished within 30 days.
The company posted weak Quarterly Results in Q4FY24. The revenue of the company stood at Rs 25.87 crore which decreased by 24.99 per cent YoY. The operating profit of the company stood at Rs 1.84 crore. The company’s PAT stood at Rs 0.62 crore which declined by 78.55 per cent in Q4FY24. Shares of BCPL Railway Infrastructure Limited have also delivered multibagger of about 110 per cent in the last one-year holding period.
BCPL Railway Infrastructure Limited (BCPL) is engaged in the execution of railway infrastructure development projects involving the design, drawing, supply, erection, and commissioning of 25KV, 50Hz single-phase traction overhead equipment. It is one of the niche players catering to the area of Railway electrification with an established track record of about 3 decades.
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.
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