Multibagger stock under Rs 50: This small-cap company receives a project worth Rs 7,29,00,000!

The shares of the company also saw a spurt in volume by more than 2.21 times on BSE.   

Dhruv Consultancy Services, one of the leading consultancy services company informed that it has received a Letter of Acceptance (“LOA”) – consultancy services for authority's engineer for supervision of construction of four lane divided carriageway with paved shoulder from Patan to Gojariya of NH68 in the State of Gujarat and fees of the said services is Rs 7,29,00,000 exclusive of GST.  

Today, shares of Dhruv Consultancy Services plummeted 3.17 per cent to Rs 47.30 per share with an intraday high of Rs 56.55 and an intraday low of Rs 47.20. The shares of the company also saw a spurt in volume by more than 2.21 times on BSE.   

Dhruv Consultancy Services Limited provides infrastructure construction and consultancy services. The Company offers survey, investigations, estimating and costing, traffic analysis, engineering, land acquisition proposals, bridge inspection and supervision services. Dhruv Consultancy Services serves highways, bridges, tunnels, ports and architectural sectors in India.  

According to the financials, Dhruv Consultancy has a market cap of Rs 71.40. The company reported positive numbers in both Quarterly Results and annual results. The stock has a 52-week high of Rs 72.50 and a 52-week low of Rs 40. The stock gave multibagger returns of 272.04 per cent over the span of 3 years. Investors should keep an eye on this Small-Cap stock.