Multibagger Penny stock under Rs 70 & Rs 270 crore order book: This micro-cap company receives order worth Rs 4,50,00,000 from National Highways Authority of India!

The stock is up by 50 per cent in 2 years and gave multibagger returns of over 300 per cent in 3 years.

Dhruv Consultancy Services Ltd (BSE Script Code: 541302: NSE Script Code: DHRUV), one of the leading infrastructure consultancy companies in India, informed that the company have received an order worth Rs 4,50,00,000 from the National Highways Authority of India.

The order includes independent engineer services for 4-Laning of the Hyderabad-Yadgiri section of NH-163 from Km.18+600 to Km.54+000 in the State of Telangana under NHDP Phase III on design, build, finance, operate and transfer (DBFOT) mode. The order will be completed within 60 months from the LOI.

Earlier, the company received an order worth Rs 5,25,60,000 from the National Highways Authority of India for independent engineer services for 4-Laning of NH-39 in the State of Jharkhand on HAM mode and will be completed within 48 months from LOI.

In the first quarter of fiscal year 2024, the company reported a 35.90 per cent decrease in net sales to Rs 11.32 crore, but a 98 per cent increase in net profit to Rs 0.89 crore, compared to the first quarter of fiscal year 2023. For the full fiscal year 2023, the company reported net sales of Rs 81.18 crore and net profit of Rs 4.82 crore. The company's current order book stands at over Rs 270 crore including orders received in Q1FY24. The company had a market cap of over Rs 90 crore.

On Thursday, shares of Dhruv Consultancy Services gained 4.38 per cent to Rs 62.66 per share with an intraday high of Rs 62.66 and an intraday low of Rs 59.35. The stock is up by 50 per cent in 2 years and gave multibagger returns of over 300 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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