Multibagger penny stock under Rs 70 & Rs 270 crore order book: This micro-cap company receives orders worth Rs 16,64,16,496 from NHAI!
The stock is up by 25 per cent in 2 years and gave multibagger returns of over 290 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 orders worth Rs 5,49,00,000 from the National Highways Authority of India. The order includes independent engineer services for upgradation to six lanes of existing four lane Samakhiyali to Santalpur Section from on National Highway No - 27 in the State of Gujarat on design, built, finance & transfer, bot (Toll) mode. The order will be completed within 48 months from LOI.
Earlier, the company received an order worth Rs 11,15,16,496 from the Office of General Manager (Tech)-UP{W) — National Highways Authority of India, New Delhi for authority engineer services for development of six lane greenfield ring road around Kanpur City & Development of six lane greenfield ring road starts around Kanpur City in the state of Uttar Pradesh on EPC mode and will be completed within 90 months from LOA.
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 Friday, shares of Dhruv Consultancy Services gained 0.57 per cent to Rs 60 per share with an intraday high of Rs 61.23 and an intraday low of Rs 60.
The stock is up by 25 per cent in 2 years and gave multibagger returns of over 290 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.
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