Penny stock under Rs 40: This civil construction company bags new orders worth Rs 201.79 crore from N. F. Railway!
The stock is up by 25 per cent in 3 months and over 50 per cent in 6 months.
Niraj Cement Structurals Limited informed that the company has received 4 work orders worth Rs 201.79 crore from N F Railway. Here are the details:
Order No – 1: Niraj – Babulnath JV has received a work order for manufacturing, supplying and loading of 1,98,000 cum machine crushed stone ballast of approved quality at Chongajan Station Yard/Depot and loading into Wagon/Hoppers etc. for construction projects from N. F. Railway value worth Rs 48.33 crores excluding GST and will be completed within 24 months.
Order No – 2: Niraj – Babulnath JV has received a work order for earthwork for railway embankment, construction of minor bridges, blanketing, RCC drain & connected works of BG doubling project from N. F. Railway value worth Rs 77.38 crore excluding GST and will be completed within 18 months.
Order No – 3: Niraj – Babulnath JV has received a work order for manufacturing, supplying and loading of 20,000 cum machine crushed stone ballast of approved quality at Amoni Station Yard/Depot & Loading of Wagons/Hoppers for the construction of a project from N. F. Railway value worth Rs 46.82 crore excluding GST and will be completed within 24 months.
Order No – 4: Niraj Azamul Hoque JV has received a work order for balance earthwork in cutting to form formation and earthwork in filling to form embankment/sub-bank and construction of minor bridges, retaining walls, pucca approach roads to alignment and other ancillary works including other ancillary works in between station Bairabi and Hortoki with the construction of new BG Railway line from N.F. Railway value worth Rs 29.26 crore excluding GST and will be completed within 15 months.
Niraj Cement Structurals Ltd. is a construction company that provides end-to-end solutions for projects in a variety of sectors, including transportation, urban infrastructure, BRTS projects, industrial infrastructure, and irrigation. It also provides technical and financial support to its subcontractors.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
The company has been in the business of speciality engineering construction and infrastructure for over 30 years, and it has a reputation for delivering high-quality projects in even the most challenging conditions.
On Wednesday, shares of Niraj Cement Structurals Ltd gained 0.18 per cent upper circuit to Rs 37.95 per share from its previous closing of Rs 37.87. The stock’s 52-week high is Rs 46.24 and its 52-week low is Rs 24.04.
The company has a market cap of Rs 152.35 crore and reported positive numbers in its Quarterly Results and annual results. The stock is up by 25 per cent in 3 months and over 50 per cent in 6 months. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.