Multibagger penny stock under Rs 100: This micro-cap civil construction company receives order worth Rs 25.43 crore from Mundra Petrochem Limited!
The stock gave multibagger returns of 150 per cent from its 52-week low of Rs 30.30 per share.
On Monday, one of the Top Gainers on NSE, shares of Sonu Infratech Ltd gained 20 per cent upper circuit to Rs 75 per share from its previous closing of Rs 62.50 per share. The stock also made a new 52-week high of Rs 75 per share.
Sonu Infratech Ltd informed that the company received a new work order with modified terms, amounting to a revised SO Price of Rs 25.43 crore (approx.) which was originally received on June 15, 2022, which amounted to Rs 17.56 crore (approx.) from Mundra Petrochem Limited for construction of labour colony for Green PVC project at village Vandh, Mundra, Gujarat.
Previously, the company has received new work orders worth approximately Rs 47.35 crore from five clients, namely Reliance Industries Limited, Reliance Sibur Elastomers Private Limited, Sikka Ports & Terminals Limited, Jamnagar Utilities & Power Private Limited, and Reliance Syngas Limited. The work orders are for various civil repair and maintenance projects, and the time period for each project will vary.
Sonu Infratech Limited provides construction contracting services. The company offers civil construction, structural painting, mechanical scaffolding, and project management and maintenance services. Sonu Infratech serves customers in India.
Talking about the financials, the company has a market cap of Rs 84 crore with a 1-year stock price CAGR of 80 per cent. According to its half-yearly results, the net sales increased by 60 per cent to Rs 41.67 crore and net profit increased by 83 per cent to Rs 1.74 crore in H2FY23 compared to H2FY22. The net sales increased by 20 per cent to Rs 64.05 crore and the net profit increased by 56 per cent to Rs 2.73 crore.
The stock gave multibagger returns of 150 per cent from its 52-week low of Rs 30.30 per share. 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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