Multibagger penny stock under Rs 50: This micro-cap construction company bags new order worth Rs 12,40,90,035!

Shares of the company gained more than 40 per cent in the last six months.

Brahmaputra Infrastructure Limited informed in the exchange filing that the company has bagged a new order. The order is from Central Warehousing Corporation for the construction of 2 nos. of PUF godowns of 65653 sqft Capacity with internal roads, drains, electrification works, ancillaries’ buildings etc. for CWC at Mankachar, Assam. The order is worth Rs 12,40,90,035.

Shares of Brahmaputra Infrastructure Limited have also delivered multibagger returns to their shareholders in the last three years. During this period, the company’s share price jumped from Rs 10.67 on October 30, 2020, to Rs 45.01 on October 30, 2023, an increase of about 300 per cent in a three-year holding period.

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The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 53.42 crore which grew by 28.66 per cent YoY. The company's operating profit stood at Rs 8.67 crore, while the PAT of the company stood at Rs 3.57 crore, which grew by 33.71 per cent on a YoY basis.

Brahmaputra Infrastructure Limited is in the EPC and real Estate Development Business and handling various projects like the construction of bridges, flyovers, highways, airports, building construction, tunnel projects, and mining projects.

The stock has shown tremendous growth and investors should keep a close eye on this penny stock.

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