Low PE High ROE multibagger stock: This mid-cap company receives an order from NHAI!

The stock has a PE of 13.95x and an ROE of 19.77 per cent.

KNR Constructions Ltd informed that the company has been awarded for the development of a six-lane access-controlled Greenfield Highway from Marripudi to Somvarappadu of Bengaluru-Vijayawada economic corridor on HAM Mode under Bharatmala Pariyojana Phase-1 in the state of Andhra Pradesh.  

KNR Ramatheertham Infra Private Limited, a wholly-owned subsidiary incorporated for the implementation of the said project, has signed a concession agreement for the above-referred work with the National Highways Authority of India (NHAI).  

Today, shares of KNR Constructions Ltd zoomed 0.33 per cent to Rs 240.45 per share with an intraday high of Rs 243.45 and an intraday low of Rs 239.50. The stock has a 52-week high of Rs 285 and a 52-week low of Rs 202.85.  

KNR Constructions Ltd, incorporated in 1995, is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects. According to the financials, the company reported positive numbers in its Quarterly Results and annual results with a 3-year CAGR of 34 per cent.   

The stock has a PE of 13.95x and an ROE of 19.77 per cent. The stock gave multibagger returns of 132 per cent in 3 years. Investors should keep an eye on this Mid-Cap stock.