Multibagger penny stock under Rs 50: Civil construction company bags new order worth Rs 151,00,00,000 from Government of Meghalaya
The stock gave multibagger returns of 270 per cent in just 2 years and a whopping 2,600 per cent in 5 years.
Tantia Constructions Limited, in consortium with a third party, has been awarded a significant contract by the Office of the Director, Directorate of Tourism, Shillong, Meghalaya, India. The contract, valued at Rs 151,00,00,000 is for the design, supply, construction, operation and maintenance of Passenger Ropeway at Shillong Peak, Shillong, Meghalaya, India (EPC Mode). This project is a testament to Tantia Constructions Limited's expertise in infrastructure development and its commitment to delivering world-class projects. The consortium, with Tantia Constructions Limited holding a 60 per cent stake, is well-positioned to execute this project successfully.
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.
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On Thursday, shares of Tantia Constructions Ltd hit a 5 per cent upper circuit to Rs 46.46 per share from its previous closing of Rs 44.25 per share. The company has a market cap of Rs 720 crore. The stock gave multibagger returns of 270 per cent in just 2 years and a whopping 2,600 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.