Penny stock under Rs 40: This civil construction company receives orders worth Rs 81.81 crore from Public Work Department & Border Roads Organisation!

The stock is up by 20 per cent in 3 months and over 50 per cent in 6 months.

Niraj Cement Structurals Limited informed that the company has received 2 work orders worth Rs 81.81 crore. Here are the details:

Order No – 1: The company received an order worth Rs 74.43 crore from the Public Work Department (PWD) Maharashtra. The order includes the construction of major bridges in Yavatmal & Taluka Mohadi; the construction of a lane cement concrete road in Palghar and the construction of a railway over bridges in Palghar. The order will be completed within 24 months from the LOI.

Order No – 2: The company received an order worth Rs 7.38 crore from the Border Roads Organisation (BRO). The order includes risk and cost work for the design & construction of balance work of the 104.50-meter span major PMT Bridge (Subaigadhera bridge) with steel superstructure over Subaigadhera River under project Shivalik in Uttarakhand State. The order will be completed within 291 days 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 Thursday, shares of Niraj Cement Structurals Ltd plunged 2.06 per cent to Rs 37.60 per share from its previous closing of Rs 37.58. 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 151 crore and reported positive numbers in its Quarterly Results and annual results. The stock is up by 20 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.