Multibagger penny stock at Rs 21: This civil construction company bags new order worth Rs 1,58,63,684 in Goregaon West, Mumbai

The promoters of the company own 73.13 per cent and non-promoters own 26.87 per cent stake in the company as of March 2024.

Manav Infra Projects Ltd has been awarded a work order for the construction of a re-development project under the SRA scheme at Premnagar in Mumbai. The project encompasses CTS No. 50 A(pt) village Pahadi Goregaon and CTS No. 1406 G/8 9C Village Malad South, Goregaon West. The total cost of the project is approximately Rs 1,58,63,684 (One Crore Fifty-Eight Lacs Sixty Three Thousand Six Hundred and Eighty-Four Only), which includes an 18 per cent GST.

Manav Infra Projects Ltd, established in 1995, is a construction company specializing in excavation, piling, road building, and rock stabilization. They also rent out a comprehensive range of construction equipment including excavators, loaders, and rock breakers.

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Manav Infra operates across Maharashtra, Goa, Gujarat, Rajasthan, and several other Indian states, and their portfolio includes projects like the Kanakia Seven complex in Marol and road construction for JNPT. They've also collaborated with various clients including Nirmal Lifestyle and Axis Space Construction. The company has a market cap of 13.91 crore.

The stock falls under the SME segment with a lot size of 4,000 shares and last traded on May 24, 2024. As of May 24, 2024, the stock was trading at Rs 20.35 and its 52-week high is Rs 23.50 & its 52-week low is Rs 12.50. The promoters of the company own 73.13 per cent and non-promoters own 26.87 per cent stake in the company as of March 2024. The stock gave multibagger returns of 277 per cent in just 3 years. 

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