Multibagger penny stock at Rs 56: This civil construction company bags order worth Rs 7,39,74,233.12 from Government of Tripura
The stock gave multibagger returns of 125 per cent in just 6 months and a whopping 260 per cent in 1 year.
Tantia Constructions Limited secured a contract worth Rs 7,39,74,233.12 from the Government of Tripura. This project involves constructing seven residential quarters for judicial officers in Kailashahar, Unakoti District, Tripura. The contract includes building two double-storey blocks with four units each for Grade III officers and one double-storey block with three units for Grade II officers. Additionally, the contract covers internal water supply, sanitary facilities, sewage and drainage systems, an underground tank, a boundary wall, and internal electrification.
The estimated cost of the project is Rs 6,60,48,422.43, with Tantia Constructions Limited quoting a 12 per cent premium, bringing the final contract value to Rs 7,39,74,233.12. The company is expected to complete the project within 540 days. To secure the contract, Tantia Constructions Limited submitted a performance guarantee of Rs 36,98,712 only through a Demand Draft.
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Tantia Constructions Ltd, founded in 1964, is an Indian company specializing in constructing critical infrastructure projects across various sectors including roads, railways, urban development, aviation, marine facilities, and power transmission. Their portfolio includes completed projects like the Dibrugarh Airport Terminal Building, Guwahati's Pandu Jetty, and Kolkata's Krishna River Bridge and Metro Rail. They collaborate with partners like TSO (France), Road Builder Sdn Berhad Malaysia, and IVRCL Infrastructure and Projects Ltd, and their clientele encompasses prestigious organizations like Indian Railways, National Highway Authority of India, and Kolkata Municipal Corporation.
Today, shares of Tantia Constructions Ltd plunged 5 per cent to 56.10 per share with an intraday high of Rs 61.20 and an intraday low of Rs 56.10 from its previous closing of Rs 59.05. The stock gave multibagger returns of 125 per cent in just 6 months and a whopping 260 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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