Multibagger penny stock under Rs 70: This micro-cap civil construction company receives new work orders worth Rs 47.35 crore; scrip hit 20 per cent upper circuit!
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 30.30 per share.
Sonu Infratech Ltd informed that the company received new work orders of worth Rs 47.35 crore (approx.) for various civil repair & maintenance projects. The time period varies as per the work orders of the clients.
Here are the 5 names of clients from whom these orders are received:
1. Reliance Industries Limited
2. Reliance Sibur Elastomers Private Limited
3. Sikka Ports & Terminals Limited
4. Jamnagar Utilities & Power Private Limited
5. Reliance Syngas Limited
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.
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Talking about the financials, the company has a market cap of Rs 49 crore with a 1-year stock price CAGR of 71 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.
On Friday, one of the Top Gainers on NSE, shares of Sonu Infratech Ltd jumped 20 per cent upper circuit to Rs 62.50 per share from its previous closing of Rs 52.10 per share. The stock also made a new 52-week high of Rs 62.50 per share.
The stock gave multibagger returns of over 100 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.