Penny stock below Rs 60 & Rs 250 crore order book: This micro-cap company receives order worth Rs 5,25,60,000 from National Highways Authority of India!

Penny stock below Rs 60 & Rs 250 crore order book: This micro-cap company receives order worth Rs 5,25,60,000 from National Highways Authority of India!

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 Rs 5,25,60,000 from the National Highways Authority of India!

The order includes consultancy services for independent engineer services for the 4-laning of NH-39 from Bhogu Village to Sankha Garhwa Road in the State of Jharkhand on hybrid annuity mode (HAM). The order will be completed within 48 months from the LOI.

Earlier, the Board of Directors declared an Interim dividend of 2.5 per cent or Rs 0.25 per equity share of Rs 10 each of the company for the financial year 2023-24. The Record date was September 5, 2023, fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The payment date {last date) of the said interim dividend was September 26, 2023.

Additionally, the company announced Quarterly Results ended June 30, 2023, wherein the net sales decreased by 35.90 per cent to Rs 11.32 crore and the net profit increased by 98 per cent to Rs 0.89 crore in Q1FY24 over Q1FY23. The company's current order book stands at over Rs 250 crore including orders received in Q1FY24. The company had a market cap of over Rs 89 crore.

On Wednesday, shares of Dhruv Consultancy Services plunged 1.58 per cent to Rs 59.05 per share with an intraday high of Rs 59.55 and an intraday low of Rs 58.95. The stock is up by 60 per cent in 2 years and gave multibagger returns of over 150 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.