Low PE High ROE stock: This mid-cap company receives order worth Rs 587.59 crore!
Today, shares of the company saw a spurt in volume by more than 2.53 times on BSE.
G R Infraprojects Ltd has received a Letter of Award (“LOA”) for a project “Construction of Tunnel work between Km 153.0 to 180.0 (Adenigarh – Purunakatak) consisting of Tunnel ‐T4, T5, T6 & T7 & allied works of Khurda – Bolangir new rail line project in east coast railway”. The project will cost Rs 587.59 crore and will take 30 months to complete the T-4 tunnel, 18 months for T-5 and T-6 tunnels and 24 months for the T-7 tunnel.
Today, shares of G R Infraprojects Ltd surged 2.49 per cent to Rs 970 per share with an intraday high of Rs 996.75 and a low of Rs 952.60. The stock had a 52-week high of Rs 1,624.40 and a 52-week low of Rs 930.
Incorporated in the year 1995, G R Infraprojects Ltd is an integrated road Engineering, Procurement and Construction company (EPC) with experience in the design and construction of various road/highway projects across 15 States in India. It mainly undertakes civil construction projects under the road sector's EPC and BOT (Build Operate Transfer) basis.
According to the financials, G R Infraprojects has a market cap of Rs 9,860 crore. The company reported excellent numbers in both Quarterly Results and annual results. In Q2FY23, net sales rose by 12.13 per cent and net profit skyrocketed 123.45 per cent over Q3FY22. Today, shares of the company saw a spurt in volume by more than 2.53 times on BSE.
The stock has a PE of 9.90x and an ROE of 19.07 per cent. Investors should keep an eye on this Mid-Cap stock.