Penny stock under Rs 40: This civil construction company receives orders worth Rs 159,00,00,000 from Municipal Corporation of Greater Mumbai (MCGM)!

The stock is up by 45.6 per cent from its 52-week low of Rs 24.04 per share.

Niraj Cement Structurals Limited informed that the company has received 2 work orders worth Rs 159,00,00,000. Here are the details:

Order No – 1: The company received an order worth Rs 86,70,00,000 from the Municipal Corporation of Greater Mumbai (MCGM). The order includes ES-232 training widening and deepening of the Ushanagar Nalla System (Upstream Side of the Railway Line) in Catchment No.305 in Bhandup West, Mumbai. The order will be completed within 24 months from the LOI.

Order No – 2: The company received an order worth Rs 72,30,00,000 from the Municipal Corporation of Greater Mumbai (MCGM). The order includes widening and reconstruction of approaches of existing ROB at Nahur Railway Station on Goregaon -Mulund Link Road (Excluding Railway Span), Mumbai. The order will be completed within 18 months from the LOI.

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.

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 plunged 3.31 per cent to Rs 35 per share with an intraday high of Rs 37.95 and an intraday low of Rs 34.75. 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 140 crore and reported positive numbers in its Quarterly Results and annual results. The stock is up by 45.6 per cent from its 52-week low of Rs 24.04 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.