Penny stock under Rs 5: This micro-cap construction company receives new order worth Rs 27,34,65,835 Transport Nagar Free-Zone Co-Operative Society Limited

The stock is up over 60 per cent in 3 years.

CMM Infraprojects Limited operates as a construction company. The Company constructs and develops highways, roads, bridges, corporate offices, commercial complexes, universities and colleges, irrigation networks, technology centres, hospitals, sports stadiums, and warehouses. CMM Infraprojects serves customers in India.

The company received a new order worth Rs 27,34,65,835 from Transport Nagar Free-Zone Co-Operative Society Limited. The order includes civil construction & infrastructure work of the go-down area belonging to the members of the society situated at Transport Nagar Free Zone. Bhandara Road, Wardhaman Nagar, Nagpur, Maharashtra.

According to the half-yearly results, the net sales increased by 9 per cent to Rs 5,731.45 lakh and net profit increased by more than 100 per cent to Rs 18.02 lakh in H1FY24 compared to H2FY23. In its annual results, the net sales increased by per cent to Rs 108 crore in FY23 over FY22. The company reported a net loss of Rs 29 crore in FY23 compared to a net profit of Rs 1 crore in FY22.

CMM Infraprojects Ltd.’s stock price hit a 5 per cent upper circuit on Monday to Rs 3.85 per share, but ended the day 5 per cent lower to Rs 3.55 per share, suggesting volatile trading and mixed investor sentiment. The stock’s 52-week high is Rs 5.55 and its 52-week low is Rs 3.55. The company has a market cap of Rs 5.5 crore.

The stock is trading at 0.19 times its book value of Rs 18.3. The stock is up over 60 per cent in 3 years.

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