Low PE high ROE multibagger stock: This small-cap company has been declared as an L-1 bidder for an order worth Rs 655.099 crore!

The stock gave multibagger returns of 192 per cent in just 2 years with a PE of 13.71x whereas the industry PE is 33.22x and ROE of 30.51 per cent

Today, shares of H.G. Infra Engineering Ltd (HGIEL) surged 1.58 per cent from their previous closing of Rs 767.20 to Rs 779.35 per share with an intraday high of Rs 793.85 and a low of Rs 775.90. The stock has a PE of 13.71x whereas the industry PE is 33.22x and ROE of 30.51 per cent respectively. The stock gave multibagger returns of 192 per cent in just 2 years.  

Recently, the company has been declared as the lowest bidder (L1) by DYCE-C-CNB-Engineering/North Central Railway for an order worth Rs 655.099 crore.   

The project includes the redevelopment of Kanpur Central Railway Station at Kanpur on engineering, procurement and construction (EPC) mode in the State of Uttar Pradesh.  

H.G. Infra Engineering Limited (HGIEL) is an Indian road infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works.  

According to the Quarterly Results and annual results the company has reported positive numbers. The stock has increased by 30 per cent over the past six months, with a 52-week high of Rs 810.20 and a 52-week low of Rs 508.55. Investors should keep an eye on this multibagger Small-Cap stock.